Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:48 AM

GasBuddy News Article

36
votes
Oil Falls for a Second Day on Rising U.S. Supplies, Fed Minutes

Bloomberg -- Oil fell for a second day in New York after a report showed rising U.S. crude stockpiles and Federal Reserve minutes indicated central bankers saw no need for more monetary stimulus unless economic growth slows.

Futures dropped 0.4 percent extending yesterday’s decline, the first in three days. Crude supplies climbed the most since December, data from the American Petroleum Institute showed. A Department of Energy report today may show inventories rose to a seven month high, according to a Bloomberg News survey. The March Fed minutes signaled less urgency to add stimulus with no sentiment expressed for further easing.

“While we see builds, we’ll see the crude market under pressure,” said Jonathan Barratt, chief executive of Barratt’s Bulletin, a commodity markets newsletter in Sydney.


Read the Full Article

Submitted Apr 04, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Falls for a Second Day on Rising U.S. Supplies, Fed Minutes Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,617
Points:2,157,915
Joined:Nov 2008
Message Posted: Apr 7, 2012 7:53:59 AM

getting more and more clear that Pig Oil is gauging as crude has dropped and pump prices are up.
Profile Pic
sdslim
Champion Author Florida

Posts:2,720
Points:2,170,935
Joined:Feb 2007
Message Posted: Apr 5, 2012 2:03:20 PM

But not prices for gasoline.
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:9,385
Points:2,159,270
Joined:Jun 2008
Message Posted: Apr 5, 2012 1:50:06 PM

noise
Profile Pic
anascom
Champion Author Hamilton

Posts:1,601
Points:855,245
Joined:Feb 2011
Message Posted: Apr 5, 2012 12:36:39 AM

@my2002m "Oil prices fall while pump prices jump again. "

i agree with you. Here in some areas in southern Ontario, gas prices humped over 5 cents/liter last 2 days!
Profile Pic
my2002m
Champion Author Tulsa

Posts:8,393
Points:2,212,665
Joined:Jul 2008
Message Posted: Apr 4, 2012 10:56:20 PM

Oil prices fall while pump prices jump again.
Profile Pic
ExplorerWA
Champion Author Washington

Posts:6,004
Points:1,268,600
Joined:Feb 2011
Message Posted: Apr 4, 2012 10:29:13 PM

Down today, up tomorrow. Don't worry, be happy as our leaders lead us to the green paradise.
Profile Pic
kiosk12y
Champion Author Tulsa

Posts:4,298
Points:982,765
Joined:Mar 2011
Message Posted: Apr 4, 2012 8:51:15 PM

price of crude is not the only thing that sets the gas price.
Profile Pic
jiml1965
Champion Author Harrisburg

Posts:4,021
Points:1,145,340
Joined:Jan 2011
Message Posted: Apr 4, 2012 11:03:37 AM

good
Profile Pic
Pete12
Champion Author Albany

Posts:5,816
Points:2,046,265
Joined:Nov 2005
Message Posted: Apr 4, 2012 11:01:52 AM

Why is the gas price not reacting to the drop in oil price?
Profile Pic
Travel1st
Champion Author Las Vegas

Posts:4,313
Points:860,930
Joined:Aug 2011
Message Posted: Apr 4, 2012 10:56:06 AM

Let the gas price follow suit.
Profile Pic
investmentdr
Champion Author Cleveland

Posts:5,977
Points:1,972,720
Joined:Sep 2008
Message Posted: Apr 4, 2012 9:59:56 AM

fallin fallin fallin
Profile Pic
skybiker
Champion Author South Carolina

Posts:8,978
Points:2,068,205
Joined:Jul 2008
Message Posted: Apr 4, 2012 8:18:56 AM

Not Here.....
Profile Pic
PittSlovak
Champion Author Pittsburgh

Posts:2,502
Points:2,330,795
Joined:Sep 2005
Message Posted: Apr 4, 2012 8:03:31 AM

I have a feeling it will be going back up.
Profile Pic
Tnerbeel
Champion Author Houston

Posts:11,265
Points:2,287,215
Joined:Mar 2007
Message Posted: Apr 4, 2012 8:03:02 AM

It didn't 'fall' anywhere, a temporary slip is more like it.
Profile Pic
cherican
Champion Author Ontario

Posts:3,125
Points:1,186,940
Joined:May 2003
Message Posted: Apr 4, 2012 7:49:16 AM

Say what?!?!?!? Oil going down? The only thing I see is gasoline prices rising. Who's stealing all our $$ ? Ridiculous.
Profile Pic
checkum
Champion Author St. Louis

Posts:9,965
Points:1,985,810
Joined:Jan 2008
Message Posted: Apr 4, 2012 7:42:39 AM

oil goes down, gas goes up?????
Profile Pic
mberg
Champion Author Houston

Posts:6,257
Points:1,503,850
Joined:Aug 2010
Message Posted: Apr 4, 2012 7:40:55 AM

Not a big deal. But gas prices seem to be stabilizing around here.
Profile Pic
rtw777
Champion Author Florida

Posts:11,810
Points:2,389,820
Joined:Jan 2008
Message Posted: Apr 4, 2012 7:40:30 AM

Implement something to stop the democrats from any hope we have. Dodd-Frank was a stupid move.
Profile Pic
slgas
Champion Author Houston

Posts:8,500
Points:2,110,590
Joined:Oct 2008
Message Posted: Apr 4, 2012 7:39:39 AM

We shouldn't get too excited over this relatively insignificant drop.
Profile Pic
stpetebp
Champion Author Tampa

Posts:7,449
Points:2,221,040
Joined:Nov 2007
Message Posted: Apr 4, 2012 7:39:26 AM

Eliminate speculation.
Profile Pic
Petrock
Champion Author Lexington

Posts:11,558
Points:3,108,035
Joined:Apr 2005
Message Posted: Apr 4, 2012 7:39:16 AM

With prices still above $100 a barrel, I don't expect to see any improvement in gas prices any time soon.
Profile Pic
swede
Champion Author Cleveland

Posts:5,114
Points:2,176,700
Joined:Feb 2003
Message Posted: Apr 4, 2012 7:38:53 AM

American purchase of fuel are way down thus inventories are up thus they reduce prices.
Profile Pic
tbgasmizer
Champion Author Ontario

Posts:6,053
Points:1,230,620
Joined:Oct 2009
Message Posted: Apr 4, 2012 7:38:08 AM

When oil drops gas prices increase?
Profile Pic
mouse24
Champion Author Pennsylvania

Posts:1,160
Points:1,267,005
Joined:Jul 2006
Message Posted: Apr 4, 2012 7:38:04 AM

there is STILL no reason for gas to rise. Oil has been steady for 6-8 weeks.
maybe there is some gov't conspiracy to keep prices artificially high.
Profile Pic
GatorDone
Champion Author Savannah

Posts:4,796
Points:2,477,690
Joined:Feb 2006
Message Posted: Apr 4, 2012 7:37:11 AM

IMPLEMENT DODD-FRANK NOW .... DO NOT LET REPUBLICANS CONTINUE TO BLOCK THE ONLY REAL RELIEF WE CAN GET FROM CROOKED TRADERS!!!!!
Profile Pic
NotmeuQc
Champion Author Montreal

Posts:7,871
Points:1,672,405
Joined:Apr 2009
Message Posted: Apr 4, 2012 7:36:56 AM

Then why did we have a price increase here? We dont change from winter to summer blends like the US does.
Profile Pic
quasar502
Champion Author Lansing

Posts:5,838
Points:1,325,425
Joined:Jan 2011
Message Posted: Apr 4, 2012 7:36:46 AM

Speculators house of cards. Somebody's gonna get really burned one of these days when the market price just up and crashes.
Profile Pic
Tripacer
Veteran Author Michigan

Posts:255
Points:99,625
Joined:Apr 2011
Message Posted: Apr 4, 2012 7:36:31 AM

The oil companies have us all by the family jewels!!!!!
Profile Pic
speedraider
Champion Author Orlando

Posts:6,102
Points:2,193,200
Joined:Nov 2005
Message Posted: Apr 4, 2012 7:36:22 AM

not for long
Profile Pic
MountedShooter
Champion Author Georgia

Posts:5,279
Points:1,278,795
Joined:Mar 2011
Message Posted: Apr 4, 2012 7:36:08 AM

Not going to have any effect on pump prices.
Profile Pic
V8power
Champion Author Pennsylvania

Posts:5,230
Points:1,927,050
Joined:Oct 2005
Message Posted: Apr 4, 2012 7:35:40 AM

Who manages these reports? Is there even a report or is that a lie too?
Profile Pic
PADI
Champion Author Ontario

Posts:5,144
Points:1,261,870
Joined:Nov 2008
Message Posted: Apr 4, 2012 7:35:38 AM

Prices at the pumps rose here.
Profile Pic
teatiger
Champion Author Dallas

Posts:5,095
Points:2,022,965
Joined:Nov 2008
Message Posted: Apr 4, 2012 7:35:23 AM

and is relief coming for the taxpayer/consumer?
Profile Pic
blueeye
Champion Author Pennsylvania

Posts:2,119
Points:1,099,620
Joined:Apr 2008
Message Posted: Apr 4, 2012 7:34:54 AM

Greed on prices
Profile Pic
Maintroll
Champion Author Lexington

Posts:11,056
Points:2,251,385
Joined:Aug 2008
Message Posted: Apr 4, 2012 7:34:42 AM

Oil falls, but why do the pump prices continue to climb? Tell me this isn't legal stealing.
Profile Pic
uppy25
Veteran Author Dayton

Posts:409
Points:1,172,330
Joined:Nov 2007
Message Posted: Apr 4, 2012 7:34:32 AM

Cool.......
Profile Pic
WalRus49
Champion Author Boston

Posts:6,571
Points:1,416,915
Joined:Nov 2010
Message Posted: Apr 4, 2012 7:34:20 AM

More organized mayhem and pillage..........
Profile Pic
muquee
Champion Author Harrisburg

Posts:3,994
Points:1,000,990
Joined:Nov 2011
Message Posted: Apr 4, 2012 7:34:03 AM

Gas up $.05, they don't reduce no matter what the story is on a given day.
Profile Pic
MBAcura
Champion Author Orlando

Posts:4,262
Points:1,183,740
Joined:Apr 2011
Message Posted: Apr 4, 2012 7:33:57 AM

Good!
Profile Pic
Gearitis
Champion Author Waco

Posts:1,320
Points:1,211,800
Joined:Sep 2005
Message Posted: Apr 4, 2012 7:33:31 AM

It always falls before it goes up!
Profile Pic
bkplenge
Champion Author Tallahassee

Posts:1,900
Points:174,740
Joined:Sep 2005
Message Posted: Apr 4, 2012 7:33:12 AM

Increased supplies rising have not been helping to lower the prices lately. Usually, prices rise "because supplies rose less than expected". Another classic excuse will jack the prices back up.
Profile Pic
malfrog1
Champion Author South Bend

Posts:4,604
Points:1,093,135
Joined:Feb 2011
Message Posted: Apr 4, 2012 7:32:42 AM

Oil falls, gas prices take a breather, for one day, then it will be back to the same old stuff, rising prices.
Profile Pic
Gville
Champion Author Ohio

Posts:3,522
Points:1,498,155
Joined:Dec 2006
Message Posted: Apr 4, 2012 7:32:04 AM

The oil industry is titrating the US market, looking for the highest price point where people won't curtail usage.
Profile Pic
millerin
Champion Author Orlando

Posts:4,231
Points:969,895
Joined:Jan 2012
Message Posted: Apr 4, 2012 7:31:02 AM

hmmm...
Profile Pic
dranske
Champion Author Miami

Posts:1,200
Points:1,613,020
Joined:Jun 2008
Message Posted: Apr 4, 2012 7:30:50 AM

Profit taking!!!
Profile Pic
brbaritone
Champion Author Virginia

Posts:3,470
Points:2,216,780
Joined:Jan 2007
Message Posted: Apr 4, 2012 7:29:50 AM

"Crude supplies climbed the most since December ... inventories rose to a seven month high ... " - when supplies go up and demand goes down, prices are supposed to go DOWN.
Profile Pic
TheSnowstorm
Champion Author Montreal

Posts:9,664
Points:2,367,675
Joined:June 2005
Message Posted: Apr 4, 2012 7:29:06 AM

What???????

But of course the excuses are that they have to use up the more expensively refined gas from the more expensive crude. Oh wait, summer gas is more expensive than winter blends. A different refining process. They just got finished saying winter blends are more expensive than summer blends.

Do they honestly expect the consumer to believe any of this crap?
Profile Pic
LocalSpyGuy
Champion Author Tampa

Posts:10,179
Points:2,130,380
Joined:Nov 2008
Message Posted: Apr 4, 2012 7:28:58 AM

Gas prices at the pump were up 6 cents this morning.
Profile Pic
beohbeNJ
Champion Author New Jersey

Posts:4,240
Points:1,053,550
Joined:Sep 2011
Message Posted: Apr 4, 2012 7:28:33 AM

It went up 8 cents overnight in my neck of the woods too.
Profile Pic
turbosaab
Champion Author Cleveland

Posts:19,018
Points:2,342,150
Joined:Sep 2006
Message Posted: Apr 4, 2012 7:28:32 AM

Oil falls, but gas prices jumped here.
Post a reply Back to Topics