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GasBuddy News Article

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Oil prices jump after roller-coaster week

AFP -- Oil: Prices see-sawed this week as traders tracked supply-side worries and concerns over the global demand outlook, but finished with a strong push higher.
Brent spiked above $100 on Monday as Norway’s oil industry appeared headed for a labour lockout in the the world’s eighth biggest crude producer.
The market slumped on Tuesday by more than $2.0 after Norway halted the oil workers’ strike that threatened production, while news of weak Chinese crude imports also stoked demand concerns.
Crude futures then rebounded Wednesday on bargain hunting and as traders digested an upbeat US energy inventories report.
The US Energy Information Administration (EIA) said American crude oil inventories slumped by almost 4.7 million barrels in the week ending July 6.
That was much larger than market expec

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Submitted Jul 15, 2012 By: NO_SWEAT
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 18, 2012 6:07:34 AM
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apparently, Pig Oil didn't make enough profits when prices dropped under 2.90/ gal. Back up to 3.20+ now.
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unclemattie
Veteran Author Atlanta

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Message Posted: Jul 17, 2012 10:27:43 AM
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Great!
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sparky808
Champion Author Honolulu

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Message Posted: Jul 16, 2012 1:31:39 PM
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Thank you for posting.
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doctorindyj
Champion Author Santa Fe

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Message Posted: Jul 16, 2012 10:50:38 AM
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They just can't keep the lies straight. A couple of weeks ago oil was going to stockpile while decreased refinery capacity was going to lower distillate inventories.
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5kvdave
All-Star Author Los Angeles

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Message Posted: Jul 16, 2012 3:28:31 AM
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SUCH B.S.
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1fulltank
Champion Author Buffalo

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Message Posted: Jul 16, 2012 1:22:48 AM
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Already seeing the price reflected at the pumps.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Jul 16, 2012 1:21:40 AM
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No surprise.... Whatever they can get away with!!!
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sprocketsplines
Champion Author Washington

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Message Posted: Jul 16, 2012 1:20:02 AM
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Somebody is making a pile of money on the price swings...
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srchr
Champion Author San Jose

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Message Posted: Jul 16, 2012 1:19:33 AM
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election coming up
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gumbyrex
Champion Author Fresno

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Message Posted: Jul 16, 2012 1:17:38 AM
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So what else is new...
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Jul 16, 2012 1:16:39 AM
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Surprise, Surprise!
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prius22
Champion Author Twin Cities

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Message Posted: Jul 16, 2012 1:14:14 AM
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Of course.
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Thomtec
Champion Author Nashville

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Message Posted: Jul 16, 2012 1:14:13 AM
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So it's happened before
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JBL2
Champion Author Little Rock

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Message Posted: Jul 16, 2012 1:13:51 AM
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bla bla bla -- still a ripoff any way you look at it
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Focus2
Champion Author Illinois

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Message Posted: Jul 16, 2012 1:09:39 AM
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The way things are set up the consumer can't win.
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Is246
Champion Author Albuquerque

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Message Posted: Jul 16, 2012 1:07:58 AM
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A big hike, no surprise.
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rd2000
Champion Author Florida

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Message Posted: Jul 16, 2012 1:07:01 AM
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we are still getting ripped off at the pumps.
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Ron77095
Champion Author Houston

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Message Posted: Jul 16, 2012 1:03:24 AM
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Ugh.
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miser709
Champion Author Grand Rapids

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Message Posted: Jul 16, 2012 1:01:47 AM
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It doesn't matter if oil is up or down. Pump prices just go up.
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danol43
Champion Author Modesto

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Message Posted: Jul 16, 2012 12:59:10 AM
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More speculation...
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langolera
Champion Author Akron

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Message Posted: Jul 16, 2012 12:57:32 AM
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like i said before, I sneezed, not it's going up again. whatever!!!!!!!!!!
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gasper
Champion Author Edmonton

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Message Posted: Jul 16, 2012 12:57:28 AM
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They look at whats happing in with Iran and that is what they are hoping and speculating on a conflict with Iran and The USA.
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TBONE3
Champion Author Pennsylvania

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Message Posted: Jul 16, 2012 12:57:00 AM
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Just another day in the "How Can We Gouge the customer?" process!
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Rageagainsttm
Champion Author Tampa

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Message Posted: Jul 16, 2012 12:54:54 AM
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sure
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Zonk
Champion Author Michigan

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Message Posted: Jul 16, 2012 12:54:43 AM
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Prices are always on a roller coaster.
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THZebra
Champion Author Indiana

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Message Posted: Jul 16, 2012 12:50:56 AM
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Falling US dollar=Higher oil Prices.
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seahawks
Champion Author Washington

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Message Posted: Jul 16, 2012 12:49:17 AM
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greed at work!!!
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carman11
Champion Author North Carolina

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Message Posted: Jul 16, 2012 12:48:32 AM
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Up and Down.
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mcmonsta
Champion Author Honolulu

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Message Posted: Jul 16, 2012 12:46:10 AM
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speculators manipulating...
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jtfftj
Champion Author New Hampshire

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Message Posted: Jul 16, 2012 12:45:06 AM
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Speculators coming back from vacation, maybe even at New Hampshire Motor Speedway for NASCAR this weekend.
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Go_E85
Champion Author Orange County

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Message Posted: Jul 16, 2012 12:44:10 AM
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brought to you by Salivating speculators.
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pgerassi
Champion Author Milwaukee

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Message Posted: Jul 16, 2012 12:42:39 AM
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SSDW.
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kbrown72
Rookie Author Oklahoma

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Message Posted: Jul 16, 2012 12:41:42 AM
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Buckle up!
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mfeldstein
Champion Author Ottawa

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Message Posted: Jul 16, 2012 12:38:00 AM
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Hopefully back down this week.
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10k
Champion Author North Carolina

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Message Posted: Jul 16, 2012 12:34:44 AM
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i agree rob-DHAN..
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Soglaos
Champion Author Virginia Beach

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Message Posted: Jul 16, 2012 12:34:41 AM
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ok
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jimpeel
Veteran Author Colorado

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Message Posted: Jul 16, 2012 12:33:57 AM
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Haven't seen it here yet.
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pastorpaulcg
Champion Author Virginia

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Message Posted: Jul 16, 2012 12:33:52 AM
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Ok
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TheeRedRam
Champion Author Hartford

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Message Posted: Jul 16, 2012 12:33:38 AM
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Go figure
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shores4now
Champion Author Kentucky

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Message Posted: Jul 16, 2012 12:32:17 AM
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Ok
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jrschl
Champion Author Louisville

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Message Posted: Jul 16, 2012 12:32:10 AM
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WooPee! Sounds awesome.
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southrob
Champion Author Tucson

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Message Posted: Jul 16, 2012 12:30:42 AM
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nice dhan to make um lower
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ericbcire
Champion Author Nevada

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Message Posted: Jul 16, 2012 12:30:02 AM
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Prices must drop or the economy will worsen.
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granitestater
Champion Author New Hampshire

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Message Posted: Jul 16, 2012 12:29:36 AM
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Don't sweat the small stuff...
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Cheney
Champion Author Toronto

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Message Posted: Jul 16, 2012 12:29:34 AM
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simply amazing!
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bobdec
Champion Author Miami

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Message Posted: Jul 16, 2012 12:28:41 AM
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They always find a way to stick it to us
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Dodge_Me
Champion Author Atlanta

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Message Posted: Jul 16, 2012 12:28:29 AM
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They'll be back down soon when people are done with vacations and they're not selling as much, inventories will increase and they will have to move the gas since it has an expiration date. Or something like that... :-)
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PrinceLH
Champion Author Ontario

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Message Posted: Jul 16, 2012 12:27:47 AM
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Robbing bastards!
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DandyDapple
All-Star Author North Dakota

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Message Posted: Jul 16, 2012 12:27:25 AM
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no surprise there ...
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Signfool
Champion Author Omaha

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Message Posted: Jul 16, 2012 12:25:39 AM
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Here we go...
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