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PD Moderator	Message Posted: Jul 12, 2011 11:28:37 AM Ignore PD Report Abuse Gasoline prices across the U.S. and Canada have stopped dropping and have resumed their ascent in recent days, and many communities will see their gasoline prices continue to rise this week. After the IEA announcement that the agency would release 60 million barrels of crude world wide, the price of oil dropped to $89 per barrel. After some oil producing countries caught wind of the IEA and DOE's announcement it was heard that some countries would move to cut their output to offset the release of emergency inventories to keep oil prices high. The drop in prices after the initial announcement didn't last long, and today, oil prices are closer to $96/bbl. Having enjoyed several weeks seeing gasoline prices fall nicely, reality... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jul 12, 2011 11:28:37 AM

Ignore PD Report Abuse

Gasoline prices across the U.S. and Canada have stopped dropping and have resumed their ascent in recent days, and many communities will see their gasoline prices continue to rise this week.

After the IEA announcement that the agency would release 60 million barrels of crude world wide, the price of oil dropped to $89 per barrel. After some oil producing countries caught wind of the IEA and DOE's announcement it was heard that some countries would move to cut their output to offset the release of emergency inventories to keep oil prices high. The drop in prices after the initial announcement didn't last long, and today, oil prices are closer to $96/bbl.

Having enjoyed several weeks seeing gasoline prices fall nicely, reality...

Visit GasBuddy Blog for full article

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RoxannaAl Sophomore Author Alabama Posts:248 Points:53,090 Joined:Jul 2011	Message Posted: Jul 17, 2011 4:11:06 PM Ignore RoxannaAl Report Abuse they rele our gas price
airbrushguy Rookie Author Kalamazoo Posts:2 Points:265 Joined:Jul 2011	Message Posted: Jul 15, 2011 10:52:04 PM Ignore airbrushguy Report Abuse they released our reserves and the price of gas went up....?!?! Wow!
Throroughbred Champion Author Cleveland Posts:1,031 Points:1,210,770 Joined:Jun 2007	Message Posted: Jul 14, 2011 10:54:09 PM Ignore Throroughbred Report Abuse The government release made no difference at all!! When will they learn. Get them out in 2012!!
bell05 Champion Author Atlanta Posts:9,270 Points:1,879,535 Joined:Jun 2005	Message Posted: Jul 13, 2011 9:55:50 PM Ignore bell05 Report Abuse The oil should have never been taken out.
bullfrog42 All-Star Author Texas Posts:847 Points:171,085 Joined:May 2011	Message Posted: Jul 13, 2011 2:08:28 PM Ignore bullfrog42 Report Abuse I guess higher prices again
jaschnabel Veteran Author Minnesota Posts:460 Points:158,200 Joined:May 2011	Message Posted: Jul 13, 2011 8:07:47 AM Ignore jaschnabel Report Abuse Did anyone actually think the release from the strategic reserve would actually make a difference?
lcleveland Champion Author San Antonio Posts:2,671 Points:653,750 Joined:May 2011	Message Posted: Jul 13, 2011 7:33:40 AM Ignore lcleveland Report Abuse they are definately on the rise 10 cents this wk. when it took a month to come down that much
1006 Champion Author Birmingham Posts:1,105 Points:1,357,065 Joined:Apr 2008	Message Posted: Jul 13, 2011 5:51:29 AM Ignore 1006 Report Abuse too much govt intervention
Ghosty1 Champion Author Quebec Posts:1,544 Points:383,000 Joined:Jan 2011	Message Posted: Jul 13, 2011 5:24:56 AM Ignore Ghosty1 Report Abuse Gas is still dropping here this week, but today is the day it normally goes up.
jjfisher All-Star Author Toledo Posts:547 Points:750,960 Joined:Aug 2008	Message Posted: Jul 12, 2011 11:36:51 PM Ignore jjfisher Report Abuse Not surprised that back fired. And now what will it cost to replace the oil reserves? We are being played as dummies.
jkpsr Champion Author New Jersey Posts:4,099 Points:1,105,805 Joined:Jun 2005	Message Posted: Jul 12, 2011 11:17:39 PM Ignore jkpsr Report Abuse We need regulation of the futures markets.
I5Don Veteran Author California Posts:320 Points:1,576,345 Joined:Aug 2005	Message Posted: Jul 12, 2011 11:10:57 PM Ignore I5Don Report Abuse more of the same that's the outlook.
umitb Champion Author Indianapolis Posts:3,697 Points:847,340 Joined:Apr 2010	Message Posted: Jul 12, 2011 11:08:46 PM Ignore umitb Report Abuse no surprise
PaylessKY Champion Author Kentucky Posts:8,750 Points:1,585,450 Joined:Oct 2008	Message Posted: Jul 12, 2011 11:08:42 PM Ignore PaylessKY Report Abuse This release of the oil supplies was a big waste.
txkrb Champion Author Texas Posts:1,564 Points:640,110 Joined:May 2011	Message Posted: Jul 12, 2011 11:08:39 PM Ignore txkrb Report Abuse The avg price nationally is up .09 from the low, in Texas the avg is up .13 but where I live it is up $.30 and the wholesale price is up just $.12
jetskijerry Champion Author North Carolina Posts:3,916 Points:776,270 Joined:Mar 2011	Message Posted: Jul 12, 2011 11:07:21 PM Ignore jetskijerry Report Abuse Crooks.
forddude1 Rookie Author Florida Posts:42 Points:137,250 Joined:Apr 2006	Message Posted: Jul 12, 2011 11:06:39 PM Ignore forddude1 Report Abuse Just in time for my trip next month,great
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Jul 12, 2011 11:05:44 PM Ignore joel27nc Report Abuse no surprise
estroh Champion Author Indiana Posts:3,629 Points:734,800 Joined:May 2011	Message Posted: Jul 12, 2011 11:04:53 PM Ignore estroh Report Abuse Ohhhh... Nat Gas just gets lookin' better and better...
WalRus49 Champion Author Boston Posts:4,090 Points:871,790 Joined:Nov 2010	Message Posted: Jul 12, 2011 11:04:23 PM Ignore WalRus49 Report Abuse Organized mayhem and pillage....
tomok Champion Author Portland Posts:33,090 Points:2,348,435 Joined:Aug 2006	Message Posted: Jul 12, 2011 11:04:04 PM Ignore tomok Report Abuse Fuel prices are going up, the price of fuel at the pump is ‘still’ too high! Those that have crude oil for sale want to keep the price as high as possible. Those that buy crude oil want it as low as possible.
cheapchickKY Champion Author Lexington Posts:4,032 Points:799,215 Joined:Jan 2011	Message Posted: Jul 12, 2011 11:03:55 PM Ignore cheapchickKY Report Abuse Follow the bouncing gas prices.
ThatHunt Champion Author Dallas Posts:4,498 Points:1,957,410 Joined:Jul 2006	Message Posted: Jul 12, 2011 11:02:40 PM Ignore ThatHunt Report Abuse the outlook is grim.
travelzonecente Champion Author Riverside Posts:3,842 Points:1,090,195 Joined:Jun 2008	Message Posted: Jul 12, 2011 11:02:12 PM Ignore travelzonecente Report Abuse price is going back up $.03 the last two days
judgemobile Champion Author Ohio Posts:7,585 Points:2,448,060 Joined:Nov 2005	Message Posted: Jul 12, 2011 11:02:05 PM Ignore judgemobile Report Abuse wind from the WEST ? raise gasoline prices oops, shifted, wind from the EAST ? Raise them again, no reason needed.
gmcgas Champion Author Atlanta Posts:5,968 Points:1,717,095 Joined:Mar 2004	Message Posted: Jul 12, 2011 11:02:00 PM Ignore gmcgas Report Abuse lets see...... the out look forever is.... charge whatever they want for along as they want until they are driven out of business by a replacement fuel that is affordable.
rxman1 Champion Author Toledo Posts:9,564 Points:1,864,820 Joined:Nov 2007	Message Posted: Jul 12, 2011 11:01:36 PM Ignore rxman1 Report Abuse The hard part of all this is that our politicians thought that this would work. Enjoy the low prices as long as they last.
RUNNER10520 All-Star Author Cleveland Posts:699 Points:870,425 Joined:Mar 2006	Message Posted: Jul 12, 2011 11:00:57 PM Ignore RUNNER10520 Report Abuse Just more excuses.
RUNNER10520 All-Star Author Cleveland Posts:699 Points:870,425 Joined:Mar 2006	Message Posted: Jul 12, 2011 10:57:50 PM Ignore RUNNER10520 Report Abuse Just more excuses.
truckguy115 Champion Author Orange County Posts:1,633 Points:221,295 Joined:Apr 2008	Message Posted: Jul 12, 2011 10:57:45 PM Ignore truckguy115 Report Abuse of course gas is going up. we can't have affordable fuel prices again.
TNT2EC Champion Author Wisconsin Posts:5,009 Points:1,516,510 Joined:Oct 2008	Message Posted: Jul 12, 2011 10:57:32 PM Ignore TNT2EC Report Abuse Joy joy joy
JAPirate Sophomore Author San Antonio Posts:240 Points:184,290 Joined:Jul 2010	Message Posted: Jul 12, 2011 10:55:49 PM Ignore JAPirate Report Abuse When have gas prices come down to a WEEKLY thing, we don't pull the oil out and refine it in a week, so why do the prices change weekly. It's called GREED I tell you!!!!!!!!!
southrob Champion Author Tucson Posts:3,615 Points:691,100 Joined:Mar 2011	Message Posted: Jul 12, 2011 10:52:33 PM Ignore southrob Report Abuse drill here and now or just make nuclear cars
jzzy2009 Champion Author Dallas Posts:2,018 Points:480,085 Joined:May 2009	Message Posted: Jul 12, 2011 10:46:07 PM Ignore jzzy2009 Report Abuse Need some fast-food-grease-powered cars, ASAP.
1Casey Champion Author Albany Posts:6,543 Points:1,793,910 Joined:Jun 2004	Message Posted: Jul 12, 2011 10:43:50 PM Ignore 1Casey Report Abuse Bogus numbers
user0 Rookie Author Albuquerque Posts:38 Points:70,550 Joined:Oct 2010	Message Posted: Jul 12, 2011 10:43:40 PM Ignore user0 Report Abuse Not surprising
camel1 Champion Author Minnesota Posts:8,285 Points:2,269,540 Joined:Jul 2006	Message Posted: Jul 12, 2011 10:39:24 PM Ignore camel1 Report Abuse I agree with Dustyhorse. Goldman-Sachs announcement is a major cause and they are one of the speculators in gasoline and oil driving up the prices to start with. They should be prohibitted from predicting the future of a market they trade in
mstearno Champion Author Dayton Posts:8,085 Points:1,735,115 Joined:Jan 2008	Message Posted: Jul 12, 2011 10:38:14 PM Ignore mstearno Report Abuse free market
npt Veteran Author Raleigh Posts:359 Points:170,090 Joined:Oct 2009	Message Posted: Jul 12, 2011 10:37:04 PM Ignore npt Report Abuse Govt or admin cannot control prices, consume less and prices will stay in check. Invest in greener solution based vehicles, they might sound expensive now, eventually it will be good on your pocket and environment. All Govt/Admin do is tax oil cos and promote manufacturers to build hybrid cars.
aerobie Rookie Author Houston Posts:36 Points:58,315 Joined:Dec 2007	Message Posted: Jul 12, 2011 10:36:28 PM Ignore aerobie Report Abuse Prices dropping? Regular close to $3.50 a gallon we are still at record highs 2 yrs and counting. I already have my tires inflated properly, thanks for the 'change'!
DustyHorse Champion Author Virginia Posts:6,103 Points:1,394,770 Joined:Oct 2008	Message Posted: Jul 12, 2011 10:34:23 PM Ignore DustyHorse Report Abuse Prices are rising because Goldman Sachs announced they are still bullish on buying oil futures. They are directly manipulating the market and our government just lets them do it. They can be glad I am not the President!
MahopacJack Champion Author New York Posts:8,020 Points:1,586,525 Joined:Feb 2008	Message Posted: Jul 12, 2011 10:34:17 PM Ignore MahopacJack Report Abuse Can it be as we get closer and closer to the August 2 deadline for increasing the debt limit, ALL commodity prices will rise as a result of a weak US Dollar?
boatcrazyinme Champion Author Maine Posts:1,924 Points:548,740 Joined:Apr 2010	Message Posted: Jul 12, 2011 10:32:05 PM Ignore boatcrazyinme Report Abuse Good job obama now we will paying $4.00 a galon for gas, an i am not voteing for you!
memelissa Veteran Author Miami Posts:315 Points:62,125 Joined:May 2007	Message Posted: Jul 12, 2011 10:31:11 PM Ignore memelissa Report Abuse so,why the prices isn't going down
barbs24 Champion Author Virginia Beach Posts:3,159 Points:2,043,720 Joined:Feb 2006	Message Posted: Jul 12, 2011 10:30:53 PM Ignore barbs24 Report Abuse Ascending right as I am traveling on Sat.
915Chief Champion Author San Antonio Posts:6,091 Points:1,226,295 Joined:Aug 2008	Message Posted: Jul 12, 2011 10:29:51 PM Ignore 915Chief Report Abuse the feds have no plan...except ineptitude
geepy All-Star Author Long Island Posts:779 Points:521,595 Joined:Aug 2009	Message Posted: Jul 12, 2011 10:20:55 PM Ignore geepy Report Abuse where is the alternative, oh yeah we don't
Cashless Champion Author Akron Posts:3,535 Points:737,330 Joined:Apr 2011	Message Posted: Jul 12, 2011 10:20:24 PM Ignore Cashless Report Abuse Yes it's going up here too in Akron, Ohio.
bell05 Champion Author Atlanta Posts:9,270 Points:1,879,535 Joined:Jun 2005	Message Posted: Jul 12, 2011 10:17:44 PM Ignore bell05 Report Abuse As always, slow to drop and races to rise.
rbrk02 Champion Author Rhode Island Posts:5,759 Points:820,275 Joined:Jan 2011	Message Posted: Jul 12, 2011 10:16:03 PM Ignore rbrk02 Report Abuse drpepperTX, I speculate that you are right! (your post Jul 12, 2011 10:10:05 PM)