Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:18 AM

GasBuddy News Article

46
votes
UPDATE 4-Oil falls towards $117 on slowing growth

Reuters Middle East -- * Investors cautious ahead of Italy's election

* Technical charts point to fall in oil prices

* U.S. oil inventories data delayed to Wed, Thurs

(Recasts with new detail, comment; paragraphs 1-7, 13)

LONDON, Feb 19 (Reuters) - Brent crude oil slipped towards

$117 per barrel on Tuesday, falling for a third session in a row

on signs of lacklustre European growth and easing geopolitical

tensions.

Oil prices rose strongly during the first six weeks of the

year, but peaked more than a week ago and have since

consolidated as investors have reassessed the prospects for

global growth and potential worries over oil supply.

Forecasts for a slowdown in France's GDP growth in 2013 and

elections in Italy have added to uncertainty on the euro zone

outlook, curbin


Read the Full Article

Submitted Feb 19, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: UPDATE 4-Oil falls towards $117 on slowing growth Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
JMW1942
Champion Author Michigan

Posts:3,102
Points:1,025,310
Joined:Feb 2012
Message Posted: Feb 20, 2013 11:04:44 AM

If wholesale prices in a given area between dealers is only 2 or 3 cents, look at all the stations that are ripping us off.
Profile Pic
goldrose1
Champion Author Cleveland

Posts:13,704
Points:2,548,940
Joined:Feb 2005
Message Posted: Feb 20, 2013 4:47:34 AM

Actually saw a price drop 2 cents tonight. Nice to see that happen more.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:3,393
Points:932,025
Joined:May 2012
Message Posted: Feb 20, 2013 2:35:25 AM

What does all this info matter? Prices continue to skyrocket!
Profile Pic
wshokie12
Champion Author Winston-Salem

Posts:3,220
Points:807,665
Joined:Aug 2012
Message Posted: Feb 20, 2013 12:30:46 AM

Ok.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:4,528
Points:1,042,765
Joined:Mar 2012
Message Posted: Feb 20, 2013 12:19:19 AM

Gas is going up, whatever the price oil is.
Profile Pic
silverfoxv65
Champion Author Michigan

Posts:7,289
Points:1,883,080
Joined:Sep 2009
Message Posted: Feb 20, 2013 12:16:09 AM

Slowing growth, witch is it, picking up or slowing down.
Profile Pic
1fulltank
Champion Author Buffalo

Posts:10,444
Points:2,160,495
Joined:Nov 2008
Message Posted: Feb 20, 2013 12:15:17 AM

"...slipped toward..." . More like "inched".
Profile Pic
bluebird1
Champion Author Toronto

Posts:18,489
Points:3,735,925
Joined:May 2004
Message Posted: Feb 20, 2013 12:13:57 AM

Crude up or down...gas prices rise --- go figure!!!
Profile Pic
Bill100
Champion Author Grand Rapids

Posts:45,444
Points:1,778,485
Joined:Jan 2010
Message Posted: Feb 20, 2013 12:13:24 AM

Prices will have to fall when nobody can afford to buy gas. It's just too hard to get blood out of a rock.
Profile Pic
ClassicWheeler
Champion Author Montgomery

Posts:3,316
Points:958,275
Joined:Apr 2012
Message Posted: Feb 20, 2013 12:13:10 AM

It is going down, but not the prices. Don't you get it!
Profile Pic
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Feb 20, 2013 12:13:03 AM

We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
Profile Pic
Ray_10589
Champion Author New York

Posts:7,526
Points:1,815,290
Joined:May 2009
Message Posted: Feb 20, 2013 12:09:27 AM

too too High
Profile Pic
N5EXY
Champion Author Austin

Posts:8,267
Points:2,162,620
Joined:Jul 2004
Message Posted: Feb 20, 2013 12:09:06 AM

I still like my Marauder. I will just drive less and enjoy it more.
Profile Pic
obimerrill
Champion Author Cincinnati

Posts:4,201
Points:944,215
Joined:Jul 2012
Message Posted: Feb 20, 2013 12:06:39 AM

Hope gas goes down with oil prices...
Profile Pic
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Feb 20, 2013 12:04:29 AM

Oil execs driving big vehicles and we drive (if it's still running) our 4 cylinder, held together by bailing wire and other odd items, "car"

[Edited by: arb0526 at 2/20/2013 12:05:08 AM EST]
Profile Pic
mlmeng
Champion Author Michigan

Posts:4,395
Points:1,245,190
Joined:Mar 2011
Message Posted: Feb 20, 2013 12:03:56 AM

Gas prices are already too high and are going up.
Profile Pic
AnObserver
Champion Author New Jersey

Posts:10,950
Points:2,879,015
Joined:Sep 2005
Message Posted: Feb 20, 2013 12:03:53 AM

Over priced
Profile Pic
yyc2yow
Champion Author Ottawa

Posts:1,041
Points:662,435
Joined:Dec 2009
Message Posted: Feb 20, 2013 12:01:28 AM

way to much $$$$
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,768
Points:2,010,735
Joined:Oct 2008
Message Posted: Feb 20, 2013 12:00:03 AM

Oil is way overpriced.
Profile Pic
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Feb 19, 2013 11:59:03 PM

We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Feb 19, 2013 11:58:02 PM

Gas prices are too high.
Profile Pic
libertyut
Champion Author Utah

Posts:1,382
Points:299,265
Joined:Mar 2012
Message Posted: Feb 19, 2013 11:57:49 PM

Bla Bla Bla
Profile Pic
Vette1967
Champion Author Albany

Posts:8,725
Points:1,929,220
Joined:Jun 2009
Message Posted: Feb 19, 2013 11:57:40 PM

Going to use less.
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:9,712
Points:2,262,110
Joined:Jun 2008
Message Posted: Feb 19, 2013 11:57:04 PM

Oil upside limited by increased likelihood of causing recessions worldwide and leadingvto decreased demand
Profile Pic
Buddy2264
Champion Author Tampa

Posts:14,485
Points:3,015,545
Joined:Oct 2005
Message Posted: Feb 19, 2013 11:55:42 PM

Princes are not going to fall as we continue to export refined fuels from US oil and imports for the profits. Our only way out now is an alternative or hybrid and not using oil.
Profile Pic
FlyNFool
Champion Author South Carolina

Posts:10,914
Points:2,333,545
Joined:Aug 2008
Message Posted: Feb 19, 2013 11:51:49 PM

What?
Profile Pic
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:777,635
Joined:Dec 2010
Message Posted: Feb 19, 2013 11:50:39 PM

hahahahaha
Profile Pic
jackster111
Champion Author North Carolina

Posts:7,566
Points:1,039,550
Joined:Feb 2012
Message Posted: Feb 19, 2013 11:48:44 PM

okay
Profile Pic
milespergallon
Champion Author Illinois

Posts:12,403
Points:2,549,575
Joined:Feb 2007
Message Posted: Feb 19, 2013 11:48:19 PM

Slowing growth??????????????
Economy upswing?????????????????
Economic growth??????????????????
B u l l E x c r e m e n t!!!!!!!!!!!!!!!!!!!!!!!!!
B o v i n e D r o p p i n g s!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:4,382
Points:1,062,040
Joined:Mar 2012
Message Posted: Feb 19, 2013 11:47:10 PM

Just like candy bars, the package is the same size but the bar inside is smaller. Big oil is paying less for barrel & charging us more per gallon
Profile Pic
Tucker16
Champion Author Ottawa

Posts:1,275
Points:933,480
Joined:Jul 2006
Message Posted: Feb 19, 2013 11:43:10 PM

Keep falling!
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:4,078
Points:897,725
Joined:Aug 2012
Message Posted: Feb 19, 2013 11:41:12 PM

Everyone is conserving because of the cost.
Profile Pic
medic319
All-Star Author Akron

Posts:756
Points:631,900
Joined:Mar 2012
Message Posted: Feb 19, 2013 11:37:46 PM

The slower growth is because of high oil prices.
Profile Pic
geoutpb
Champion Author Midland Odessa

Posts:7,170
Points:1,661,420
Joined:Dec 2006
Message Posted: Feb 19, 2013 11:34:31 PM

Oil prices need to go higher baby needs new shoes.
Profile Pic
chvytruk
All-Star Author Kentucky

Posts:806
Points:412,335
Joined:Sep 2006
Message Posted: Feb 19, 2013 11:31:21 PM

It has been proven repeatedly over the last several months/years that the pump price is totally upwardly independent, irrespective of how low the price of a barrel of crude may fall.
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,435
Points:1,455,210
Joined:Oct 2006
Message Posted: Feb 19, 2013 11:28:09 PM

Very confusing and doesn't seem to matter very much with all the profit taking going on...
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,989
Points:1,361,430
Joined:Jan 2011
Message Posted: Feb 19, 2013 11:26:31 PM

Was it not reported last week that the prices of crude was $97? I'm confused.
Profile Pic
cifuentesab
Champion Author Sacramento

Posts:3,233
Points:1,148,380
Joined:Jul 2011
Message Posted: Feb 19, 2013 11:25:18 PM

whatever
Profile Pic
badharley
Champion Author Tampa

Posts:2,830
Points:1,119,415
Joined:Jul 2010
Message Posted: Feb 19, 2013 11:24:59 PM

Just GREED
Profile Pic
PissedATthePump
All-Star Author Pennsylvania

Posts:557
Points:141,795
Joined:May 2012
Message Posted: Feb 19, 2013 11:22:11 PM

More BS
Profile Pic
Brunduski
All-Star Author Missouri

Posts:611
Points:300,690
Joined:Jun 2012
Message Posted: Feb 19, 2013 11:21:19 PM

How can oil be falling with such a robust, recovering economy that we have. At least that is what Obama keeps saying. Things sure look rosey when your wearing rose colored glasses.
Profile Pic
bojiway1
Champion Author Minnesota

Posts:4,718
Points:1,117,945
Joined:Dec 2011
Message Posted: Feb 19, 2013 11:20:35 PM

Jumping every day
Profile Pic
12mpgnavigator
Champion Author Seattle

Posts:2,844
Points:674,835
Joined:Jun 2009
Message Posted: Feb 19, 2013 11:20:29 PM

same story, different day
Profile Pic
BlewettCA
Veteran Author California

Posts:318
Points:289,610
Joined:May 2012
Message Posted: Feb 19, 2013 11:20:07 PM

bla bla bla
Profile Pic
BREW9
Champion Author Tampa

Posts:3,632
Points:3,565,185
Joined:Jun 2004
Message Posted: Feb 19, 2013 11:16:40 PM

climbing everyday
Profile Pic
drz614
Champion Author Harrisburg

Posts:5,089
Points:1,251,640
Joined:Aug 2011
Message Posted: Feb 19, 2013 11:14:12 PM

bigdipperMS: rotflmao, sorry. I mean obummer won the election too. You are using the common sense approach.


[Edited by: drz614 at 2/19/2013 11:16:32 PM EST]
Profile Pic
bigdipperMS
Champion Author Mississippi

Posts:2,607
Points:1,059,975
Joined:Apr 2011
Message Posted: Feb 19, 2013 11:12:36 PM

Should not gasoline prices start to drop instead of the increases we are seeing?
Profile Pic
us4usa
Champion Author Missouri

Posts:7,104
Points:1,512,205
Joined:May 2008
Message Posted: Feb 19, 2013 11:11:00 PM

High prices will always slow growth...
Profile Pic
texasvet
Champion Author Texas

Posts:5,413
Points:469,350
Joined:Jul 2009
Message Posted: Feb 19, 2013 11:08:07 PM

More pipeline capacity between Cushing and the coast should help bring down Brent and help close the gap with WTI. Of course Keystone XL would have helped too, if it hadn't been blocked for years.
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,756
Points:1,805,920
Joined:May 2006
Message Posted: Feb 19, 2013 11:05:25 PM

Fall more...
Post a reply Back to Topics