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GasBuddy News Article

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Oil prices dip slightly as analysts expect US crude stockpiles to grow

Associated Press -- Oil prices dipped slightly Tuesday as analysts predicted a rise in U.S. crude stockpiles, underscoring weak demand for fuel.

Benchmark oil for February delivery was down 4 cents to $93.15 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 10 cents to finish at $93.19 a barrel on Monday.

Analysts estimated that the American Petroleum Institute and the U.S. Energy Information Administration would report an increase in crude oil stocks of 1.5 million barrels for the week ended Jan. 4, according to Platts, the energy information arm of McGraw-Hill Cos.


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Submitted Jan 08, 2013 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices dip slightly as analysts expect US crude stockpiles to grow Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Jan 10, 2013 3:55:09 AM

around here at least pump prices are rising.
dave27johnson
Champion Author Chicago

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Message Posted: Jan 8, 2013 11:50:58 PM

Keep dropping....
obimerrill
Champion Author Cincinnati

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Message Posted: Jan 8, 2013 11:03:47 PM

Good...hope they continue to go down.
Number43
Champion Author Lexington

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Message Posted: Jan 8, 2013 10:20:16 PM

Prices dropped as the trend suggest a undersupply of speculators.
Mowerman08
Champion Author Milwaukee

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Message Posted: Jan 8, 2013 10:13:52 PM

doesn't seem to make a difference
tedjm1
Champion Author New York

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Message Posted: Jan 8, 2013 10:13:36 PM

Okay
CarefreeVT
Champion Author Burlington

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Message Posted: Jan 8, 2013 10:12:35 PM

will we see this at the pump?
tedjm1
Champion Author New York

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Message Posted: Jan 8, 2013 10:12:06 PM

okay
LCSTEELERBOB
Champion Author Gary

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Message Posted: Jan 8, 2013 10:11:47 PM

just a bunch of crap
regout
Champion Author Quebec

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Message Posted: Jan 8, 2013 10:08:32 PM

Speculators only will make money.
ican2step
Champion Author Pittsburgh

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Message Posted: Jan 8, 2013 10:07:14 PM

Okay
boatfloyd
Champion Author Jacksonville

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Message Posted: Jan 8, 2013 10:05:55 PM

Demand is down.
skysteve1
Champion Author Victoria

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Message Posted: Jan 8, 2013 10:05:42 PM

stable here, lower would be good
FrankTA2
Champion Author New York

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Message Posted: Jan 8, 2013 10:04:03 PM

Need to dip some more.
PrinceLH
Champion Author Ontario

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Message Posted: Jan 8, 2013 10:03:40 PM

Until the windspeeds in the gulf hit 10 miles an hour.
JamesCalvin
Champion Author Lancaster

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Message Posted: Jan 8, 2013 10:02:02 PM

Dippity Dip!
Jmac2008
Champion Author Missouri

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Message Posted: Jan 8, 2013 10:01:28 PM

but gas prices continue to rise.
cheaper0ON
Champion Author Ontario

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Message Posted: Jan 8, 2013 10:01:28 PM

Price is rising.
MidNJ
Champion Author New Jersey

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Message Posted: Jan 8, 2013 9:58:44 PM

From the article;

"The oil market has no clear direction," said Ken Hasegawa, energy analyst at Newedge brokerage in Tokyo. "We still have a lot of uncertainty about the euro situation and also the economic recovery in the U.S."

????????????????

Gee, imagine what could have been if Mitt won!

We all would have nothing to worry about except how much more we don't have to pay in taxes on all the money over $250,000 a year that we all earn!!!

??????????????????

Think about it!

nwsynthetics
Champion Author Oregon

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Points:594,465
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Message Posted: Jan 8, 2013 9:58:15 PM

I hope it drops in price. Ive seen Natural and power drop there rates becaus eof lower fule. Keep it lower, it works for all.
Karisholman
Veteran Author Nevada

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Message Posted: Jan 8, 2013 9:56:40 PM

The price drop should help lower gas prices
abcdMA
Champion Author Worcester

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Message Posted: Jan 8, 2013 9:53:57 PM

But as is still rising
clermont40miles
Champion Author Cincinnati

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Message Posted: Jan 8, 2013 9:52:26 PM

Demand keeps dropping as people continue to lose jobs.

Prices down but no where near cheap. Not likely to stay or drop more. The specu-traitors (speculators) are back from vacation and can spend full time legally robbing us at the pump.
pacecar68
Champion Author Oakland

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Message Posted: Jan 8, 2013 9:51:52 PM

ok.
KhelbenArunson
Champion Author Michigan

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Message Posted: Jan 8, 2013 9:51:38 PM

they should be in freefall.
MinnesotaDJ
Champion Author Minnesota

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Message Posted: Jan 8, 2013 9:51:22 PM

That's great news, just keep on dropping!
MrPony
All-Star Author North Carolina

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Message Posted: Jan 8, 2013 9:50:08 PM

They ain't dropping here!!!
BREW9
Champion Author Tampa

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Message Posted: Jan 8, 2013 9:48:30 PM

keep dropping
wshho51
Rookie Author Tampa

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Message Posted: Jan 8, 2013 9:47:14 PM

But why does some gas stations increase their prices while other held their own? Prices differ up to .14.
stpatrickbday
Champion Author Albuquerque

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Message Posted: Jan 8, 2013 9:42:33 PM

Just another excuse to raise gas prices.
cssco
Champion Author Virginia

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Message Posted: Jan 8, 2013 9:41:21 PM

This article takes the wind out of GasBuddy's weekly report sail. I'll read it anyhow 'cause I like GasBuddy.
Dragnet
Champion Author Arizona

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Message Posted: Jan 8, 2013 9:40:14 PM

This story is only a teaser. Don't go banking your bets in Vegas on this story as you will lose
sydb7
Champion Author Atlanta

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Message Posted: Jan 8, 2013 9:37:16 PM

No dip here! It has been up, up up...
myambro
Champion Author Sacramento

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Message Posted: Jan 8, 2013 9:32:16 PM

More.
john1956
Rookie Author New Hampshire

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Message Posted: Jan 8, 2013 9:31:02 PM

keep falling, make my wallet happy!
DEG
Champion Author Las Vegas

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Message Posted: Jan 8, 2013 9:30:17 PM

Oil prices are still double what is reasonable.
WIWalt
Champion Author Wisconsin

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Message Posted: Jan 8, 2013 9:27:57 PM

Keep dipping!
sehonda
Champion Author Honolulu

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Message Posted: Jan 8, 2013 9:26:05 PM

prices still going up...
suzmar
Champion Author Texas

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Message Posted: Jan 8, 2013 9:25:22 PM

Prices will drop when the economy worsens and it will.
jnseyeongas
Champion Author Milwaukee

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Message Posted: Jan 8, 2013 9:24:54 PM

Good
ericbcire
Champion Author Nevada

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Message Posted: Jan 8, 2013 9:20:29 PM

Prices must drop or the economy will worsen.
bridgerunner
Champion Author Virginia

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Message Posted: Jan 8, 2013 9:18:35 PM

BBHybrid is correct.
BBHybrid
Champion Author Pittsburgh

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Message Posted: Jan 8, 2013 9:16:23 PM

dip my arse, nothing here in pa still at $3.50/gallon
tdioiler
Champion Author Detroit

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Message Posted: Jan 8, 2013 9:15:47 PM

And prices go the other direction.
mstearno
Champion Author Dayton

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Message Posted: Jan 8, 2013 9:12:28 PM

the trillion dollar coin will fix this....
LOL
Buddy2264
Champion Author Tampa

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Joined:Oct 2005
Message Posted: Jan 8, 2013 9:11:47 PM

No lowering of prices here yet. We had seen $2.97 a couple of weeks ago. But now in the $3.17-3.25 range.
wayoung56
Champion Author Alabama

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Message Posted: Jan 8, 2013 9:08:53 PM

Double Ditto on AnObserver's comment...
TNT2EC
Champion Author Wisconsin

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Message Posted: Jan 8, 2013 9:08:14 PM

Grand
rawdog1313
Champion Author Lexington

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Message Posted: Jan 8, 2013 9:04:44 PM

Whatever...........
YodaON
Champion Author Ottawa

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Message Posted: Jan 8, 2013 9:03:39 PM

has to drop more please
AnObserver
Champion Author New Jersey

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Joined:Sep 2005
Message Posted: Jan 8, 2013 9:01:54 PM

Can we say 'drop precipitously'?
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