Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:35 AM

GasBuddy News Article

44
votes
Oil and gas prices look like they’ve peaked

Market Watch -- NEW YORK — Remember just a few short weeks ago, when the media were speculating about how high gasoline prices could go? I know—I wrote a story like that myself.
In early March, gasoline prices hit $3.94 a gallon, and topped the magic $4.00 mark in California and other states. That was based on a jump in Brent crude oil prices to $128 a barrel.

Some of it was due to a growing U.S. economy and some logistical issues. But the main reason was fear of either an Israeli air strike to destroy Iran’s nuclear facilities or Iranian military action to break sanctions from the international community.


Read the Full Article

Submitted May 04, 2012 By: fordfreak
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil and gas prices look like they’ve peaked Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
letmathe
Champion Author Chicago

Posts:16,518
Points:3,679,775
Joined:May 2001
Message Posted: May 4, 2012 10:49:50 PM

ok
Profile Pic
Ray_10589
Champion Author New York

Posts:7,371
Points:1,766,815
Joined:May 2009
Message Posted: May 4, 2012 10:48:35 PM

I hope so ....
Profile Pic
altima2008
Champion Author Philadelphia

Posts:10,764
Points:2,339,815
Joined:Apr 2008
Message Posted: May 4, 2012 10:47:46 PM

Nobama and company will do whatever they can to push the prices back up.
Profile Pic
letmathe
Champion Author Chicago

Posts:16,518
Points:3,679,775
Joined:May 2001
Message Posted: May 4, 2012 10:46:17 PM

ok
Profile Pic
TheSnowstorm
Champion Author Montreal

Posts:9,668
Points:2,409,230
Joined:June 2005
Message Posted: May 4, 2012 10:45:42 PM

Took almost 2 weeks of trickle down, but we just had our 10 cent spike yesterday, but only up to $1.434/litre. A little saving grace from the previous 3 weeks where they spiked to $1.50/litre.
Profile Pic
WBBNC
Veteran Author North Carolina

Posts:499
Points:488,640
Joined:Jan 2011
Message Posted: May 4, 2012 10:44:27 PM

Pure speculation and dirty greed...
Profile Pic
M8trix4
Champion Author New York

Posts:1,339
Points:666,135
Joined:May 2011
Message Posted: May 4, 2012 10:43:12 PM

Just dropped below $4 to $3.99 here tonight...they are resisting the decrease as long as possible.
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:9,552
Points:2,211,360
Joined:Jun 2008
Message Posted: May 4, 2012 10:40:44 PM

Down a bit around Boston
Profile Pic
ExplorerWA
Champion Author Washington

Posts:6,012
Points:1,314,110
Joined:Feb 2011
Message Posted: May 4, 2012 10:40:19 PM

Prices have fallen here some. I hope this continues.
Profile Pic
dongo50
Champion Author West Virginia

Posts:16,258
Points:2,571,795
Joined:Jul 2006
Message Posted: May 4, 2012 10:39:52 PM

prices haven't changed here in months.
Profile Pic
iamforiu
Champion Author Indiana

Posts:6,179
Points:1,312,615
Joined:May 2011
Message Posted: May 4, 2012 10:39:45 PM

ok
Profile Pic
DABEE1073
Champion Author San Diego

Posts:10,999
Points:2,172,455
Joined:Jun 2008
Message Posted: May 4, 2012 10:39:29 PM

WHERE???????????
Profile Pic
MDTDriver
Champion Author California

Posts:11,734
Points:2,737,490
Joined:Jul 2006
Message Posted: May 4, 2012 10:39:09 PM

Just a guess as aways!
Profile Pic
IUVidiot
Champion Author Indiana

Posts:6,185
Points:1,310,085
Joined:Jun 2011
Message Posted: May 4, 2012 10:37:46 PM

ok
Profile Pic
OU8121959
Champion Author Grand Rapids

Posts:4,335
Points:902,320
Joined:Apr 2011
Message Posted: May 4, 2012 10:33:51 PM

cool
Profile Pic
Lugi1967
Champion Author Ohio

Posts:7,087
Points:1,582,600
Joined:Jun 2010
Message Posted: May 4, 2012 10:33:45 PM

Yes!
Profile Pic
02goldwing
Sophomore Author Illinois

Posts:118
Points:798,310
Joined:Aug 2008
Message Posted: May 4, 2012 10:33:42 PM

Author was wrong in early March. Why believe him now?
Profile Pic
hank1326
Champion Author Los Angeles

Posts:10,872
Points:2,288,805
Joined:Jun 2008
Message Posted: May 4, 2012 10:28:17 PM

Pump prices are climbing here.
Profile Pic
Ply440GTX
Champion Author Kansas

Posts:1,726
Points:437,650
Joined:Feb 2009
Message Posted: May 4, 2012 10:26:30 PM

Title should read: "Oil and gas prices -- may have -- look like they’ve peaked..." Counting chickens are we...?
Profile Pic
CritterNanny
Veteran Author Washington

Posts:326
Points:1,839,005
Joined:Jun 2008
Message Posted: May 4, 2012 10:26:07 PM

Small business can sure use more relief from high gas prices.
Profile Pic
chvytruk
All-Star Author Kentucky

Posts:806
Points:411,335
Joined:Sep 2006
Message Posted: May 4, 2012 10:24:33 PM

Gas prices will never drop as quickly as they will go up.
Profile Pic
theschmuck
Champion Author Michigan

Posts:5,038
Points:2,012,495
Joined:Mar 2007
Message Posted: May 4, 2012 10:22:36 PM

I agree with 'clermont40miles' on this one. The 'two faced fool' we have in the WH now will say thigs to sway the voters to his favor and then watch the ax fall. We don't need a 'dictator' for another term.
Profile Pic
mconley1967
All-Star Author Louisville

Posts:586
Points:486,330
Joined:Mar 2012
Message Posted: May 4, 2012 10:21:20 PM

Ok
Profile Pic
naiiawah
Champion Author Boise

Posts:4,706
Points:1,269,005
Joined:Mar 2011
Message Posted: May 4, 2012 10:20:30 PM

Oh sure, wait for the summer driving season to get here. All that has happened is that those "in control", realized their greed had gotten a bit too much out of hand and they'd pushed too far too fast.
Profile Pic
paulydel
Champion Author Delaware

Posts:11,273
Points:1,250,240
Joined:Jan 2008
Message Posted: May 4, 2012 10:17:28 PM

Where have we heard that before?
Profile Pic
jb107
Champion Author New Jersey

Posts:12,113
Points:3,218,325
Joined:Sep 2005
Message Posted: May 4, 2012 10:15:21 PM

Prices have started to drop around here but not by much.
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,627
Points:1,754,590
Joined:May 2006
Message Posted: May 4, 2012 10:14:29 PM

So peak and go down...
Profile Pic
walkingtall
Champion Author Toronto

Posts:6,467
Points:1,708,445
Joined:Nov 2004
Message Posted: May 4, 2012 10:14:00 PM

We'll have to see if the middle east flares up.
Profile Pic
sivart
Champion Author Arkansas

Posts:21,607
Points:3,670,305
Joined:May 2004
Message Posted: May 4, 2012 10:13:47 PM

Bet me!!
Profile Pic
drz614
Champion Author Harrisburg

Posts:4,907
Points:1,199,265
Joined:Aug 2011
Message Posted: May 4, 2012 10:12:45 PM

until some new crisis.
Profile Pic
ysmc
Champion Author Providence

Posts:13,188
Points:2,592,460
Joined:Apr 2007
Message Posted: May 4, 2012 10:11:47 PM

way too high for this economy to sustain, at least in RI
Profile Pic
WE0H
Champion Author Twin Cities

Posts:1,662
Points:566,450
Joined:Feb 2011
Message Posted: May 4, 2012 10:11:05 PM

Pretty much every week the local stations jack the price back up instantly then let it slowly settle back down to what it was before the crooked price hike.
Profile Pic
ratones1
Champion Author Los Angeles

Posts:3,328
Points:1,217,335
Joined:Mar 2011
Message Posted: May 4, 2012 10:10:38 PM

STILL HIGH...
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:4,207
Points:1,009,665
Joined:Mar 2012
Message Posted: May 4, 2012 10:08:47 PM

Gas goes up 5 to 10 cents twice a week then stabe for a week then 1 or 2 times a month go down 1 or 2 cents
Profile Pic
dsaine
Champion Author North Carolina

Posts:5,720
Points:1,231,720
Joined:May 2011
Message Posted: May 4, 2012 10:05:44 PM

Doubtful.
Profile Pic
g747
Champion Author Mobile

Posts:6,975
Points:1,496,745
Joined:Jul 2009
Message Posted: May 4, 2012 10:04:10 PM

We'll have to see if the middle east situation flares up.
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,592
Points:1,958,360
Joined:Oct 2008
Message Posted: May 4, 2012 10:03:06 PM

In the long term they will keep going up until our government finally does something to curb the speculators.
Profile Pic
iceman11
Champion Author Ontario

Posts:2,715
Points:536,425
Joined:Feb 2011
Message Posted: May 4, 2012 10:00:02 PM

i guess we will see
Profile Pic
jackster111
Champion Author North Carolina

Posts:7,294
Points:987,400
Joined:Feb 2012
Message Posted: May 4, 2012 9:54:35 PM

Still high and needs to go down more. I bet when tourist season comes though it will spike back up, usually does.
Profile Pic
91Explorer
Champion Author Dallas

Posts:1,411
Points:1,688,255
Joined:Oct 2009
Message Posted: May 4, 2012 9:49:11 PM

still way too high!
Profile Pic
billy44bo
Champion Author Mobile

Posts:9,658
Points:2,083,305
Joined:Feb 2008
Message Posted: May 4, 2012 9:47:38 PM

with you methaneman barry got to get the price down if he thinks he can get back in office
Profile Pic
methaneman
Champion Author Minnesota

Posts:4,683
Points:1,812,015
Joined:May 2002
Message Posted: May 4, 2012 9:44:45 PM

I do not beleive it. $1 s gal to high.
Profile Pic
goodbuy
Champion Author Michigan

Posts:10,090
Points:1,986,240
Joined:May 2005
Message Posted: May 4, 2012 9:39:06 PM

I never believe what journalists say. They are just politicians in disguise.
Profile Pic
Candyman2
Rookie Author Ohio

Posts:98
Points:66,150
Joined:Jul 2005
Message Posted: May 4, 2012 9:37:26 PM

GO to www.hulu.com/gashole.Documentary This is the Real Story on what is going on!!!
Profile Pic
rodzilla123
Champion Author San Diego

Posts:5,648
Points:1,306,065
Joined:Jul 2008
Message Posted: May 4, 2012 9:37:15 PM

Gas prices in Southern Calif. are already starting to go back up.
Profile Pic
chicoCA
Champion Author California

Posts:4,565
Points:2,374,490
Joined:Nov 2007
Message Posted: May 4, 2012 9:34:47 PM

okay
Profile Pic
MG_Sputnik
Champion Author Philadelphia

Posts:9,743
Points:2,555,575
Joined:Apr 2006
Message Posted: May 4, 2012 9:34:35 PM

For this week.
Profile Pic
shea33
Champion Author Pensacola

Posts:4,945
Points:1,143,465
Joined:Oct 2011
Message Posted: May 4, 2012 9:33:50 PM

cool
Profile Pic
bababooey2
Champion Author Hartford

Posts:8,952
Points:1,903,555
Joined:Sep 2009
Message Posted: May 4, 2012 9:33:47 PM

Until next week.
Profile Pic
hcivic
Champion Author Virginia

Posts:6,422
Points:2,861,730
Joined:Aug 2005
Message Posted: May 4, 2012 9:33:31 PM

I have read that they will rise during the summer, but hope not
Profile Pic
ericbcire
Champion Author Nevada

Posts:7,090
Points:1,865,100
Joined:Aug 2009
Message Posted: May 4, 2012 9:32:06 PM

Prices need to drop or the economy will worsen.
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,899
Points:2,368,720
Joined:Apr 2008
Message Posted: May 4, 2012 9:31:02 PM

Peaked? If so its because new rules kick in on May 7th to raise the margins speculators must post. That cuts their leverage and profit.

Finally a step in the right direction. All to help BHO get reelected. Don't be fooled into voting for this horrid president. He is NOT your friend.

You are not being invited to dinner. You ARE dinner.
Post a reply Back to Topics