Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:33 PM

GasBuddy News Article

29
votes
Oil near $90; drivers see some relief at the pump

mtstandard.com (AP) -- Oil dropped below $90 a barrel for the first time this year Monday, and pump prices dropped 3 cents over the weekend as drivers catch a break after two months of steep increases.

..At one point this winter the price rose for 36 straight days. The 49-cent increase for January and February set a record for that two-month period.

..Spending cuts of roughly $85 billion automatically kicked in on Friday after President Barack Obama and Congress failed to meet a deadline for striking a deal to avert or soften the reductions. Negotiations on Sunday ended in a bitter impasse, and what happens next is anyone's guess.

..In the U.S., refinery maintenance contributed to the early-year spike in gasoline prices. Refineries are switching from winter blends of gasoline to summer varieties, which


Read the Full Article

Submitted Mar 05, 2013 By: teafortwo
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil near $90; drivers see some relief at the pump Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,049
Points:2,388,440
Joined:Nov 2008
Message Posted: Mar 8, 2013 12:04:23 AM

yea, gs, that's what I thought too when I saw the headline.
gs7101
Champion Author San Antonio

Posts:8,423
Points:573,010
Joined:Jun 2009
Message Posted: Mar 6, 2013 6:46:45 AM

What relief?
heydano67
Champion Author California

Posts:2,696
Points:1,049,795
Joined:Feb 2012
Message Posted: Mar 6, 2013 3:25:15 AM

would like a bigger drop
RitaVespa
Champion Author Oregon

Posts:4,089
Points:1,446,905
Joined:Jan 2011
Message Posted: Mar 6, 2013 1:30:11 AM

No relief here.
NHLiveFree
Champion Author New Hampshire

Posts:14,945
Points:2,382,325
Joined:Jun 2008
Message Posted: Mar 5, 2013 11:47:29 PM


Always super fast to rise, but a slow death spiral to drop! Wonder why?
lesndave
Champion Author Texas

Posts:6,146
Points:1,471,550
Joined:May 2011
Message Posted: Mar 5, 2013 10:59:10 PM

Relief at pump.....?
Really????
.....WHERE?!?!?
snappytom2
Champion Author Corpus Christi

Posts:6,304
Points:412,970
Joined:Jul 2008
Message Posted: Mar 5, 2013 6:09:28 PM

All false senses of relief are imaginary.
tutaw
Champion Author Kentucky

Posts:6,510
Points:1,601,785
Joined:Sep 2008
Message Posted: Mar 5, 2013 3:29:34 PM

like to see more relief
KhelbenArunson
Champion Author Michigan

Posts:7,507
Points:1,471,045
Joined:Apr 2008
Message Posted: Mar 5, 2013 2:07:55 PM

I don't care about oil anymore, I care about the price at the pump.
john72ss
Sophomore Author Washington

Posts:220
Points:36,320
Joined:Mar 2012
Message Posted: Mar 5, 2013 1:08:25 PM

what do you mean relief at the pump? do you mean instead of going up 10 cents a week, it only goes up 5 cents a week? how is this a relief?
CapriceWagon
Champion Author Washington

Posts:1,488
Points:1,120,840
Joined:Feb 2008
Message Posted: Mar 5, 2013 12:23:05 PM

Prices are still slowly climbing here
tomok
Champion Author Portland

Posts:46,245
Points:3,124,085
Joined:Aug 2006
Message Posted: Mar 5, 2013 12:08:28 PM

Oil near $90; drivers see some relief at the pump – what relief, where?
Big Oil and Big Gas sells fuel and natural gas on the world market!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
The refineries produce less fuel, create a fuel 'shortage' and prices at the pump go up too.
Take care of the domestic fuel market first and above all else, then think about exporting!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
BossPal
Champion Author Illinois

Posts:2,920
Points:925,230
Joined:Mar 2012
Message Posted: Mar 5, 2013 11:53:25 AM

The more things change, the more they stay the same.
ModelWarships
Champion Author Missouri

Posts:7,911
Points:1,763,620
Joined:Jul 2008
Message Posted: Mar 5, 2013 11:18:08 AM

just a temporary reprieve until they figure out another reason to spike prices.
StephenOM
Champion Author Ocala

Posts:3,368
Points:1,892,115
Joined:Aug 2008
Message Posted: Mar 5, 2013 11:09:32 AM

An it has nothing to do with sequester. It's a natural follow thru to the refinery reformulation and declining crude prices.
BudsterMO
Champion Author Kansas City

Posts:6,861
Points:1,453,530
Joined:Aug 2009
Message Posted: Mar 5, 2013 11:08:44 AM

Blah, blah, blah, just more grist for the speculator mill.
Stop Oil Speculation (SOS) NOW!
humblepie
Champion Author Toledo

Posts:63,802
Points:3,151,145
Joined:Mar 2006
Message Posted: Mar 5, 2013 11:07:20 AM

pump prices make me want beano
leraar2
Champion Author Massachusetts

Posts:6,964
Points:1,557,935
Joined:Mar 2011
Message Posted: Mar 5, 2013 11:04:30 AM

the only gas relief we're likely to see is pepto-bismol.
mazdaboy
Champion Author Portland

Posts:11,054
Points:2,855,485
Joined:Aug 2003
Message Posted: Mar 5, 2013 11:02:20 AM

Gas not going down here.
dan30thz28
Champion Author New Jersey

Posts:9,091
Points:2,743,975
Joined:Feb 2006
Message Posted: Mar 5, 2013 10:57:23 AM

Whatever, they're just making a huge profit on us. Thanks speculators!
PDQBlues
Champion Author San Diego

Posts:10,303
Points:2,222,750
Joined:Jan 2009
Message Posted: Mar 5, 2013 10:56:20 AM


Gas prices are coming down, not as quickly as they increased, though.
RockCity
Champion Author Denver

Posts:11,394
Points:2,198,385
Joined:Mar 2009
Message Posted: Mar 5, 2013 10:54:38 AM

Sounds like we have a bunch of 47%ers wanting free stuff, perhaps.
Don20
Champion Author Oklahoma City

Posts:12,890
Points:3,382,935
Joined:Mar 2005
Message Posted: Mar 5, 2013 10:54:09 AM

Yes it went down three cents in this area, if you can call that relief at the pump..
fenster66
Champion Author Pittsburgh

Posts:6,594
Points:1,452,120
Joined:May 2011
Message Posted: Mar 5, 2013 10:45:06 AM

hope it keeps going down....
Grumpy0521
Champion Author Ontario

Posts:5,361
Points:1,426,785
Joined:Dec 2008
Message Posted: Mar 5, 2013 10:42:45 AM

It's funny how the price of oil go down per barrel but so much at the pumps.
jalan25
Champion Author Indianapolis

Posts:2,705
Points:831,270
Joined:Sep 2011
Message Posted: Mar 5, 2013 10:42:29 AM

Not holding my breathe.
Tattooedmom67
All-Star Author Milwaukee

Posts:943
Points:232,225
Joined:Apr 2012
Message Posted: Mar 5, 2013 10:42:27 AM

Why can't it jump down the way it jumps up? It goes up 5 - 10 cents everyday or other day, it goes down 1 penny at a time..go figure!!!
dlemma
Champion Author Wyoming

Posts:7,151
Points:2,322,270
Joined:Feb 2008
Message Posted: Mar 5, 2013 10:40:45 AM

DRILL HERE

DRILL NOW
dlzastera
Champion Author Minnesota

Posts:7,618
Points:1,778,520
Joined:Mar 2006
Message Posted: Mar 5, 2013 10:40:35 AM

Wait till summer comes.
gafgar
Champion Author Detroit

Posts:3,396
Points:886,850
Joined:Feb 2012
Message Posted: Mar 5, 2013 10:39:24 AM

until someone farts in the middle east, and/or big oil sees the need to increase their greed margin.
SqrKpf
Champion Author Toronto

Posts:5,115
Points:1,153,990
Joined:Oct 2010
Message Posted: Mar 5, 2013 10:37:55 AM

relief? what relief??
MarkJM
Champion Author Little Rock

Posts:1,805
Points:1,594,295
Joined:Oct 2005
Message Posted: Mar 5, 2013 10:36:57 AM

the only relief I see is a reduction in my spendable income.
Costello
Champion Author South Dakota

Posts:3,331
Points:1,880,745
Joined:Jan 2007
Message Posted: Mar 5, 2013 10:36:36 AM

Not here...still going up!
dcoxdcox44
Champion Author New Hampshire

Posts:1,564
Points:721,695
Joined:Aug 2011
Message Posted: Mar 5, 2013 10:35:11 AM

Everybody complains when prices go up.
So what do you do when prices go down?
Complain some more!

[Edited by: dcoxdcox44 at 3/5/2013 10:35:42 AM EST]
KarateDude
Champion Author Cincinnati

Posts:2,573
Points:1,057,780
Joined:Mar 2008
Message Posted: Mar 5, 2013 10:35:05 AM

What relief??? I am being relieved of my hard earned cash!!!
truckpdlr
Champion Author Tucson

Posts:5,979
Points:1,865,265
Joined:Sep 2009
Message Posted: Mar 5, 2013 10:34:45 AM

Still waiting to see relif at the pump
sm5240
Champion Author Orange County

Posts:3,500
Points:1,133,160
Joined:Apr 2011
Message Posted: Mar 5, 2013 10:34:07 AM

A little reprieve before summer driving season - big deal.
w4kh
Champion Author Tennessee

Posts:14,913
Points:3,006,115
Joined:May 2004
Message Posted: Mar 5, 2013 10:33:58 AM

The economics of running a filling station mean that they must rapidly increase pump prices when crude oil goes up in order to be able to pay for the next (higher priced) load of gasoline... however, once the tanks are full of the higher priced gasoline, if crude oil prices drop, the station owner still has high priced, expensive gasoline and must sell it at higher prices or lose money on each gallon sold. Tough business, being caught between Big Oil and the consumers.
freedomsailor
Champion Author Naples

Posts:5,398
Points:1,189,120
Joined:Oct 2011
Message Posted: Mar 5, 2013 10:33:56 AM

Yup, our prices for regular, on average, have dropped .01 cents this week.
BuddhaB
Veteran Author Colorado

Posts:272
Points:214,175
Joined:Oct 2008
Message Posted: Mar 5, 2013 10:33:41 AM

Some is the key word in that headline
91_Metro_Man
Champion Author Ventura

Posts:1,993
Points:2,250,205
Joined:Dec 2007
Message Posted: Mar 5, 2013 10:33:25 AM

Fuel prices should go down as fast as they went up. not.
Asbury09
Champion Author Iowa

Posts:10,458
Points:2,308,880
Joined:Jan 2009
Message Posted: Mar 5, 2013 10:32:12 AM

prices are down a little, but have a way to go to hit the level before the last spike
paoli8
Champion Author Philadelphia

Posts:9,447
Points:2,525,880
Joined:Jul 2007
Message Posted: Mar 5, 2013 10:31:06 AM

We have heard all the excuses before. Why is it that all refineries bust be shut down for maintained at the same time
humblepie
Champion Author Toledo

Posts:63,802
Points:3,151,145
Joined:Mar 2006
Message Posted: Mar 5, 2013 10:31:05 AM

is this a joke ?
freedom2831
All-Star Author Seattle

Posts:557
Points:1,808,700
Joined:Oct 2008
Message Posted: Mar 5, 2013 10:30:06 AM

Prices are still going up in Seattle.
2962
Champion Author Omaha

Posts:4,236
Points:548,350
Joined:Feb 2006
Message Posted: Mar 5, 2013 10:29:50 AM

Does this mean we need to go into a recession to see price decline?
JMW1942
Champion Author Michigan

Posts:3,573
Points:1,141,435
Joined:Feb 2012
Message Posted: Mar 5, 2013 10:29:22 AM

At $89 a barrel gas used to be around $3.25 a gallon. We dropped 10 cents in thumb of Mi. Stations say they have to sell high price gas first, but it doesn't work that why if oil goes up a buck a barrel.
HDUltra03
Champion Author Oregon

Posts:11,816
Points:2,891,315
Joined:Nov 2005
Message Posted: Mar 5, 2013 10:28:18 AM

When?
marion1739
Champion Author Missouri

Posts:2,880
Points:983,935
Joined:Jan 2011
Message Posted: Mar 5, 2013 10:27:55 AM

Okay
liao
Champion Author Montreal

Posts:6,636
Points:2,186,210
Joined:Sep 2008
Message Posted: Mar 5, 2013 10:27:51 AM

Not in Montreal where the posted price is 144.9 cents per litre today.
HATinMUNDY
Champion Author Michigan

Posts:4,908
Points:1,535,645
Joined:Mar 2008
Message Posted: Mar 5, 2013 10:27:31 AM

Sounds like a conspiracy.....
Post a reply Back to Topics