Georgia Classifieds

GasBuddy News Article

votes

Cheaper oil ahead?

Anthony Mirhaydari -- A few weeks ago, I warned that pain was coming to the pump as gas prices were set to climb. Sure enough, wholesale gas prices have climbed 17% from their December low.

The catalyst was a closing of the disconnect between crude oil and gasoline. There was just no way big oil was going to let their downstream, refinery margins stay pinched. Crude oil climbed in October and November on Wall Street speculation and a weaker dollar and has remained elevated on geopolitical concerns and Iranian saber rattling. Gasoline kept dropping during this period, but has since made up for lost time.

The good news is, things are about to change for the better as crude oil drops out of its recent trading range and the dollar stabilizes. With this looking to be the beginning of a new downtrend, it sho

Read the Full Article

Submitted Feb 02, 2012 By: Group23

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Cheaper oil ahead?	Post a Reply Back to Topics

REPLIES (newest first)

First

Next Last

335d1 All-Star Author Virginia Posts:562 Points:407,575 Joined:Feb 2011	Message Posted: Feb 3, 2012 7:09:50 PM Ignore 335d1 Report Abuse The speculators will keep oil high.
Eliano Champion Author Baltimore Posts:1,406 Points:275,725 Joined:Jun 2011	Message Posted: Feb 3, 2012 4:02:01 PM Ignore Eliano Report Abuse they are too high
blupupher Champion Author Houston Posts:1,698 Points:420,115 Joined:Feb 2011	Message Posted: Feb 3, 2012 3:37:19 PM Ignore blupupher Report Abuse Now if we could get gas prices to follow.
albert2008 Champion Author Winnipeg Posts:5,549 Points:1,125,035 Joined:Sep 2008	Message Posted: Feb 3, 2012 9:45:29 AM Ignore albert2008 Report Abuse time tells all
crestliner95 Veteran Author Illinois Posts:293 Points:111,905 Joined:May 2011	Message Posted: Feb 3, 2012 9:44:27 AM Ignore crestliner95 Report Abuse Too many so called experts.
chemist74 Champion Author Cleveland Posts:12,902 Points:2,279,875 Joined:Apr 2005	Message Posted: Feb 3, 2012 9:01:07 AM Ignore chemist74 Report Abuse When "experts" are giving away their advise for free, it is probably only worth what you are paying for it - NOTHING.
bigmoo63 All-Star Author Kalamazoo Posts:884 Points:56,610 Joined:Nov 2009	Message Posted: Feb 3, 2012 8:55:37 AM Ignore bigmoo63 Report Abuse And this article was written at Disneyland. In Fantasyland. What credentials does this guy have to say anything?
JamesCalvin Champion Author Lancaster Posts:1,264 Points:162,075 Joined:Nov 2011	Message Posted: Feb 3, 2012 8:43:33 AM Ignore JamesCalvin Report Abuse Not likely!!!
remay Champion Author Houston Posts:5,227 Points:1,761,170 Joined:May 2006	Message Posted: Feb 3, 2012 8:26:12 AM Ignore remay Report Abuse How, when all the analysts are shoving $5 gas into our brains!
investmentdr Champion Author Cleveland Posts:2,360 Points:1,102,960 Joined:Sep 2008	Message Posted: Feb 3, 2012 7:48:32 AM Ignore investmentdr Report Abuse it will be cheaper
pscamp Champion Author Ottawa Posts:1,171 Points:207,255 Joined:May 2011	Message Posted: Feb 3, 2012 7:41:00 AM Ignore pscamp Report Abuse There must be something there, or BP would be touting the failure of solar.
matman01 Champion Author Detroit Posts:12,785 Points:1,609,530 Joined:May 2007	Message Posted: Feb 3, 2012 7:32:53 AM Ignore matman01 Report Abuse Give me some of what this author was smoking when he wrote this article!
TruthMatters All-Star Author New Jersey Posts:933 Points:201,620 Joined:Oct 2011	Message Posted: Feb 3, 2012 7:26:51 AM Ignore TruthMatters Report Abuse Are you mad? Who would trust the words of a speculator?
brbaritone Champion Author Virginia Posts:1,244 Points:1,366,960 Joined:Jan 2007	Message Posted: Feb 3, 2012 7:17:35 AM Ignore brbaritone Report Abuse "Wall Street speculation and a weaker dollar" ... are these factors going to disappear? Hardly. We would all like to see oil and gas prices drop ... BUT ... keep in mind that we are approaching 'the summer driving season.'
Joeski1 Champion Author New Jersey Posts:7,472 Points:1,380,760 Joined:Dec 2004	Message Posted: Feb 3, 2012 7:16:32 AM Ignore Joeski1 Report Abuse no way.
RonTheRunner77 Veteran Author Michigan Posts:343 Points:119,115 Joined:Dec 2011	Message Posted: Feb 3, 2012 6:43:38 AM Ignore RonTheRunner77 Report Abuse I wish :(
gawxnative All-Star Author Atlanta Posts:507 Points:185,430 Joined:Aug 2006	Message Posted: Feb 3, 2012 6:32:14 AM Ignore gawxnative Report Abuse If true, it will take some weeks for it to filter down, of course by then the "travel season" will start
ArmydudeNC Champion Author North Carolina Posts:6,323 Points:1,018,300 Joined:Jul 2009	Message Posted: Feb 3, 2012 6:14:14 AM Ignore ArmydudeNC Report Abuse I'd like to believe this but the pumps are telling a different story.
kenji554 All-Star Author Charlotte Posts:931 Points:223,695 Joined:Jun 2011	Message Posted: Feb 3, 2012 5:53:19 AM Ignore kenji554 Report Abuse Cheaper oil yes, but what about price at the pump.
amerk73 Champion Author Dallas Posts:5,230 Points:1,260,005 Joined:Oct 2008	Message Posted: Feb 3, 2012 5:51:33 AM Ignore amerk73 Report Abuse stll high fair price $50
mike1881 All-Star Author Fayetteville Posts:714 Points:260,830 Joined:Feb 2011	Message Posted: Feb 3, 2012 5:41:54 AM Ignore mike1881 Report Abuse I doubt it. Even if oil gets cheaper, I am sure gas prices will continue to rise so that the poor companies of Exxon and BP can continue to barely make a profit.
Yooperheart Champion Author Michigan Posts:1,380 Points:167,190 Joined:Feb 2010	Message Posted: Feb 3, 2012 4:32:05 AM Ignore Yooperheart Report Abuse Taken from the " Price is Right " Come On Down!
dh0770 Champion Author Colorado Posts:1,683 Points:323,335 Joined:Jun 2011	Message Posted: Feb 3, 2012 3:27:51 AM Ignore dh0770 Report Abuse "Crude oil climbed in October and November on Wall Street speculation" Enough said....
Caduceus26 Champion Author Jacksonville Posts:1,983 Points:401,310 Joined:May 2009	Message Posted: Feb 3, 2012 3:10:03 AM Ignore Caduceus26 Report Abuse Gas and oil prices have been on a "disconnect" for some time now. This doesn't necessarily means that gas prices will be lower.
JohnofGB Champion Author Flint Posts:3,617 Points:738,120 Joined:Feb 2010	Message Posted: Feb 3, 2012 2:37:21 AM Ignore JohnofGB Report Abuse Plentiful supplies but the manipulators, gougers, hedge funds and a weak Washington leadership will screw it up for consumers.
leraar2 Champion Author Massachusetts Posts:1,955 Points:430,845 Joined:Mar 2011	Message Posted: Feb 3, 2012 1:41:14 AM Ignore leraar2 Report Abuse build publicly owned and controlled refineries to keep the international price gouging oil companies in line.
Luckylindy Champion Author Milwaukee Posts:2,687 Points:771,845 Joined:May 2008	Message Posted: Feb 3, 2012 1:40:00 AM Ignore Luckylindy Report Abuse The entire article is speculation.
anascom All-Star Author Hamilton Posts:892 Points:321,315 Joined:Feb 2011	Message Posted: Feb 3, 2012 1:27:48 AM Ignore anascom Report Abuse it doesn't seem to be low gas prices ahead!
NOTSOGRN Champion Author Michigan Posts:1,514 Points:1,183,275 Joined:Dec 2007	Message Posted: Feb 3, 2012 1:27:01 AM Ignore NOTSOGRN Report Abuse . . He finishes with "How long should crude be on the down slope? My guess is until the Fed shoves the dollar lower by announcing QE3 at its March or April meeting." . All bets are off as the dollar gets taken down again.
asog75 All-Star Author Indiana Posts:671 Points:173,145 Joined:Aug 2011	Message Posted: Feb 3, 2012 1:13:23 AM Ignore asog75 Report Abuse 3.34 yesterday 3.59 today, no good news today !!!!
TekWare Champion Author Toronto Posts:1,338 Points:313,675 Joined:May 2011	Message Posted: Feb 3, 2012 1:10:48 AM Ignore TekWare Report Abuse Funny, they're rising here. I only see 2 steps forward, 1 step back. Repeat.
BJWI Champion Author Milwaukee Posts:4,215 Points:376,290 Joined:May 2011	Message Posted: Feb 3, 2012 1:06:17 AM Ignore BJWI Report Abuse Funny how the disconnect between crude prices and pump prices has not closed here. Crude prices dropped, yet GasBuddy sent out a message saying gas prices will be rising within the next 24 hours.
N5EXY Champion Author Austin Posts:3,724 Points:1,151,920 Joined:Jul 2004	Message Posted: Feb 3, 2012 1:05:31 AM Ignore N5EXY Report Abuse A midsummer nights dream.
Pozole Champion Author Portland Posts:7,239 Points:1,233,765 Joined:Mar 2005	Message Posted: Feb 3, 2012 12:57:27 AM Ignore Pozole Report Abuse ...yes TOO funny...we need cheaper gasoline ahead...HA !...
Vetteblu Champion Author Denver Posts:1,647 Points:469,415 Joined:Oct 2010	Message Posted: Feb 3, 2012 12:52:20 AM Ignore Vetteblu Report Abuse The title is just too funny.
Jeff4U Champion Author Atlanta Posts:6,566 Points:1,492,245 Joined:Nov 2004	Message Posted: Feb 3, 2012 12:38:07 AM Ignore Jeff4U Report Abuse Anthony Mirhaydari - another egotistical idiot who thinks he knows it all.
Vette1967 Champion Author Albany Posts:4,172 Points:919,380 Joined:Jun 2009	Message Posted: Feb 3, 2012 12:34:28 AM Ignore Vette1967 Report Abuse That maybe true but that doesn't guarantee lowering the price of gasoline.
kitty1750 Champion Author Kitchener-Waterloo Posts:1,637 Points:321,360 Joined:Jun 2011	Message Posted: Feb 3, 2012 12:34:28 AM Ignore kitty1750 Report Abuse Fat chance!!
northeast2 Champion Author New York Posts:3,178 Points:854,735 Joined:Mar 2008	Message Posted: Feb 3, 2012 12:29:14 AM Ignore northeast2 Report Abuse "Finally and most importantly, energy demand is dropping. It's simple supply and demand that prices should drop as well." Price somehow related to supply & demand? HAHAHAHAHAHAHAHA!
wrunner Champion Author Virginia Posts:2,540 Points:776,265 Joined:Dec 2009	Message Posted: Feb 3, 2012 12:19:50 AM Ignore wrunner Report Abuse Don't bet on it and consider the source.
FastAndy Champion Author Indianapolis Posts:4,493 Points:1,673,565 Joined:Jun 2007	Message Posted: Feb 3, 2012 12:07:35 AM Ignore FastAndy Report Abuse The gas prices here sure are not going down here. They just went up here 35 cents today.
Nicoalbum Champion Author Ottawa Posts:4,114 Points:829,110 Joined:Jan 2010	Message Posted: Feb 3, 2012 12:03:24 AM Ignore Nicoalbum Report Abuse I can't believe in that...
nurdco Champion Author Colorado Springs Posts:7,231 Points:1,333,335 Joined:Apr 2008	Message Posted: Feb 2, 2012 11:38:12 PM Ignore nurdco Report Abuse Not true at all...
alterman156 Champion Author New York Posts:5,625 Points:1,196,900 Joined:Dec 2008	Message Posted: Feb 2, 2012 11:37:36 PM Ignore alterman156 Report Abuse Maybe oil prices will fall suddenly.
molebaby96 All-Star Author Tallahassee Posts:739 Points:167,275 Joined:Nov 2011	Message Posted: Feb 2, 2012 11:24:44 PM Ignore molebaby96 Report Abuse Show me!
bullman68 All-Star Author St. Louis Posts:596 Points:298,050 Joined:May 2011	Message Posted: Feb 2, 2012 11:12:14 PM Ignore bullman68 Report Abuse Great, a fiction writer.
livable1 Champion Author New York Posts:2,323 Points:283,265 Joined:Oct 2008	Message Posted: Feb 2, 2012 11:01:09 PM Ignore livable1 Report Abuse Yes
lesndave Champion Author Texas Posts:1,256 Points:342,755 Joined:May 2011	Message Posted: Feb 2, 2012 10:51:24 PM Ignore lesndave Report Abuse Great comment BuckyTJones!! I feel that way too.
BBopp Champion Author Dayton Posts:5,453 Points:1,679,530 Joined:Dec 2006	Message Posted: Feb 2, 2012 10:31:01 PM Ignore BBopp Report Abuse We can hope!
amerk73 Champion Author Dallas Posts:5,230 Points:1,260,005 Joined:Oct 2008	Message Posted: Feb 2, 2012 10:23:59 PM Ignore amerk73 Report Abuse gas price here want up here