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Oil prices drift below $82; Nationwide average Gas rose 0.8

Associated Press - Found on Google News -- Oil prices drifted below $82 on Thursday, as investors mulled demand uncertainties and a government report that showed the country's huge natural gas reserves shrank a little last week.

Benchmark crude for April delivery fell 26 cents to $81.83 a barrel on the New York Mercantile Exchange. Earlier, prices slid as low as $81.33 after the Labor Department said workers filing for jobless benefits for the first time fell slightly less than expected. The news raised concerns that continuing high unemployment will crimp oil and gas demand with fewer commuters on the road

Retail gasoline prices continued to rise on Thursday. The nationwide average rose 0.8 cents to $2.776 per gallon, according to AAA, Wright Express and Oil Price Information Service.

Prices have risen 13.2 cents in the last m

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Submitted Mar 11, 2010 By: ScrufCurmudgeon

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REPLIES (newest first)

ops3 Champion Author Cincinnati Posts:1,229 Points:737,025 Joined:Dec 2007	Message Posted: Mar 11, 2010 8:43:04 PM Ignore ops3 Report Abuse What's wrong with this picture? Oil goes down, gasoline goes up!
ENORMS Champion Author Colorado Posts:3,014 Points:1,171,335 Joined:Sep 2006	Message Posted: Mar 11, 2010 7:03:23 PM Ignore ENORMS Report Abuse The speculators keep pushing up the price of oil until it kills the economy and puts more people out of work.
CarrottopNe Champion Author Lincoln Posts:1,025 Points:368,415 Joined:Jan 2009	Message Posted: Mar 11, 2010 6:20:41 PM Ignore CarrottopNe Report Abuse $3.00 by April 1st?
CarrottopNe Champion Author Lincoln Posts:1,025 Points:368,415 Joined:Jan 2009	Message Posted: Mar 11, 2010 6:20:00 PM Ignore CarrottopNe Report Abuse Don't expect gas prices to fall. They'll continue to rise.
PDQBlues Champion Author San Diego Posts:4,706 Points:980,350 Joined:Jan 2009	Message Posted: Mar 11, 2010 5:43:12 PM Ignore PDQBlues Report Abuse Oil prices are still too high. Speculators will continue to destroy the economy.
BobbyVA Champion Author Virginia Beach Posts:3,426 Points:746,965 Joined:Jul 2009	Message Posted: Mar 11, 2010 3:36:04 PM Ignore BobbyVA Report Abuse Wasn't it 80, only yesterday?