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GasBuddy News Article

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Oil hits 4-month high on US economic data, Algeria

Seattle Times -- NEW YORK — The price of oil rose to a four-month high Thursday on positive reports about the U.S. economy.

Benchmark oil gained $1.25 to finish at $95.49 a barrel, the highest close for crude on the New York Mercantile Exchange since Sept. 17. Oil has now gained 4 percent this year.

Strong reports on housing starts and fewer unemployment claims made traders more optimistic about the U.S. economy. Builders started work on homes in December at the fastest pace since the summer of 2008, and the number of Americans seeking unemployment benefits fell to a five-year low last week. Both reports could signal greater demand for fuel.

Meanwhile Brent crude, used to price international varieties of oil, rose $1.42 to end at $110.10 per barrel on the ICE Futures exchange in London.


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Submitted Jan 18, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil hits 4-month high on US economic data, Algeria Back to Topics
REPLIES (newest first) Post a Reply
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Tomeboy
Champion Author Twin Cities

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Message Posted: Jan 19, 2013 10:36:03 AM


Message Posted 11-18 By: Bobmilan 

Price of gas in your tank does not change after you buy it.

CRUDE price takes a while to work through system.

=====================

Reply Posted 11-18: Gasoline prices have increased in my area by .37 cents a gallon in the last 3 days!! A 13% increase in the cost of gasoline!!

It didn't take long for the price of crude to work it's way through our system of local gas stations.

We are on the fast track to gasoline price increases... thanks to traders (traitors) speculators.

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Tomeboy
Champion Author Twin Cities

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Message Posted: Jan 19, 2013 10:33:52 AM


Oil has now gained 4 percent this year. A positive report for the oil industry and speculators.

And the American consumer has lost a lot more in the price of gasoline! 

Economic reports could signal greater demand for fuel. "Could" signal greater demand for fuel.

Traders (traitors) are more optimistic about the U.S. economy and early speculating on how the economy will go... will cost us all. 

Gasoline prices have increased in my area by .37 cents a gallon in the last 3 days!!!!!!!! A 13% increase in the cost of gasoline!!

Here comes more increased costs for business owners and industry. Additional costs that will be passed onto the American consumers.

The negative side for consumers on a positive report for the oil industry and oil traders (traitors). 

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GasCzarCO
Champion Author Colorado Springs

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Message Posted: Jan 19, 2013 10:27:11 AM

I wonder what the economy would look like if fuel prices remained low for one year?
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bston
Champion Author Oklahoma City

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Message Posted: Jan 18, 2013 10:11:13 PM

Let the price increases begin.
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Wierbe
Champion Author Cincinnati

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Message Posted: Jan 18, 2013 9:50:56 PM

A previous post noted usage was down. So I guess we leave it up to investors to get those prices back up. While it may benefit the speculator, it is not good for my wallet at the pump.
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ExplorerWA
Champion Author Washington

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Message Posted: Jan 18, 2013 8:16:59 PM

I don't believe it.
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bojiway1
Champion Author Minnesota

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Message Posted: Jan 18, 2013 8:00:32 PM

I don't think so
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OGW
Champion Author London

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Message Posted: Jan 18, 2013 8:00:09 PM

If the price goes too high, the economy will again falter.
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mrbee
Champion Author Little Rock

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Message Posted: Jan 18, 2013 7:45:06 PM

Any reason.
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garyr86
Champion Author Michigan

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Message Posted: Jan 18, 2013 7:42:00 PM

Am in Michigan and haven't seen the positive growth yet
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ericbcire
Champion Author Nevada

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Message Posted: Jan 18, 2013 7:38:04 PM

Prices must drop or the economy will worsen.
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mahkokhan
Champion Author British Columbia

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Message Posted: Jan 18, 2013 7:36:10 PM

its the military machine which demands the fuel. get rid of the military and redirect the resources for positive investment.
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AC-302
Champion Author Los Angeles

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Message Posted: Jan 18, 2013 7:34:25 PM

Algeria isn't a problem. Those fool militants will find themselves at the bottom of the Indian Ocean if they aren't very, very careful.
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g747
Champion Author Mobile

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Message Posted: Jan 18, 2013 7:34:17 PM

ANDDDDDDDDDDDDDDDDDDDDDDDDDDDD!!!!.
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#12#_vabchusa
Champion Author Virginia

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Message Posted: Jan 18, 2013 7:31:23 PM

Anything and everything raises the gas prices
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Lizzylou
Champion Author Stockton

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Message Posted: Jan 18, 2013 7:30:15 PM

Not good news for gas prices!
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1Casey
Champion Author Albany

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Message Posted: Jan 18, 2013 7:30:11 PM

o.k.
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pastorpaulcg
Champion Author Virginia

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Message Posted: Jan 18, 2013 7:24:38 PM

Interesting contrast to a previous article
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CDMAuto
Champion Author Connecticut

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Message Posted: Jan 18, 2013 7:24:11 PM

Here we go again.... UP UP Up
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tdioiler
Champion Author Detroit

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Message Posted: Jan 18, 2013 7:23:26 PM

Any excuse to jack up prices on lowering demand and over capacity at the plants.
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Elaine4411
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Message Posted: Jan 18, 2013 7:23:06 PM

ok
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TDIdave
Champion Author California

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Message Posted: Jan 18, 2013 7:21:18 PM

Okay.
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DustyHorse
Champion Author Virginia

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Message Posted: Jan 18, 2013 7:17:21 PM

How does the situation in Algeria cause a price spike?
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firefly09
Champion Author San Diego

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Message Posted: Jan 18, 2013 7:17:07 PM

ok
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BBHybrid
Champion Author Pittsburgh

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Message Posted: Jan 18, 2013 7:16:54 PM

and america sinks further into depression
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rx7racerca
Champion Author Calgary

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Message Posted: Jan 18, 2013 7:12:35 PM

American's ought to be thankful they get a lot of their crude at almost $20/bbl off world prices. Crude out of Canada is selling in the US for more than $30/bbl off Brent pricing thanks to the glut at Cushing, OK.
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Mystikal1
Veteran Author Akron

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Message Posted: Jan 18, 2013 7:11:50 PM

Gas prices are up, up & away!
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Bleeder
Champion Author Virginia

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Message Posted: Jan 18, 2013 7:10:30 PM

Actually Mplato, it is more like oil up, gas up...oil down, gas up.
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nick43
Champion Author Toledo

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Message Posted: Jan 18, 2013 7:08:45 PM

Whats the excuse Now= Greed
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midnightsdc
Champion Author Ontario

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Message Posted: Jan 18, 2013 7:03:49 PM

They are all crooks...
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mplato
Champion Author Columbia

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Message Posted: Jan 18, 2013 6:57:44 PM

dollar down....oil up....oil down....dollar up
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amearly
Champion Author Michigan

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Message Posted: Jan 18, 2013 6:56:40 PM

Just amazing right after one of the main speculators Goldmen saches claims summer oil to hit 150.00 dollars a barrel how convient just how there able to manipulate the market .
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MotoDad
Champion Author Phoenix

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Message Posted: Jan 18, 2013 6:53:11 PM

when are they going to base it on demand?
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Number43
Champion Author Lexington

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Message Posted: Jan 18, 2013 6:53:04 PM

Speculators are at it again.
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brprven
Champion Author Dallas

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Message Posted: Jan 18, 2013 6:53:03 PM

Go for it
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iamforiu
Champion Author Indiana

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Message Posted: Jan 18, 2013 6:51:46 PM

drill baby drill
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sit
Champion Author Cleveland

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Message Posted: Jan 18, 2013 6:50:31 PM

Oil will go up when the economy gets better.
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AKmailman
Champion Author Alaska

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Message Posted: Jan 18, 2013 6:49:35 PM

good old Brent Crude raising the price of gas again
or have the speculators awoken from their hibernation ?

[Edited by: AKmailman at 1/18/2013 8:50:26 PM EST]
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TopGunn
Champion Author Baltimore

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Message Posted: Jan 18, 2013 6:47:02 PM

Fodder for the A H speculators.
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captainkettel
Veteran Author Washington

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Message Posted: Jan 18, 2013 6:46:12 PM

Bend over! Here we go again...
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jackster111
Champion Author North Carolina

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Message Posted: Jan 18, 2013 6:45:37 PM

okay
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zaq001
Champion Author Atlanta

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Message Posted: Jan 18, 2013 6:43:57 PM

The traders must not be reading the same economic reports I'm seeing.
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DrZNY
Champion Author Albany

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Message Posted: Jan 18, 2013 6:43:41 PM

we need natural gas vehicles, get rid of all gasoline vehicles
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IUVidiot
Champion Author Indiana

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Message Posted: Jan 18, 2013 6:38:46 PM

here we go again
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gass12
Champion Author Omaha

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Message Posted: Jan 18, 2013 6:30:13 PM

Doesn!t sound good.
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1COR1533
Champion Author San Jose

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Message Posted: Jan 18, 2013 6:27:30 PM

its funny extra supply and the price goes up hmmmm
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heysailor
Champion Author Pittsburgh

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Message Posted: Jan 18, 2013 6:26:55 PM

Prices will go up tonight at the pump
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RAC110
Champion Author Massachusetts

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Message Posted: Jan 18, 2013 6:26:32 PM

up and down all the time makes prices dizzy
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eye-spy
Champion Author Quebec

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Message Posted: Jan 18, 2013 6:25:43 PM

Here we go again!!
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The_DR
Champion Author New Jersey

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Message Posted: Jan 18, 2013 6:22:01 PM

Raise gas prices then.
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MDTDriver
Champion Author California

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Message Posted: Jan 18, 2013 6:20:24 PM

Demad low and crude goes us?
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