Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:50 AM

GasBuddy News Article

46
votes
UPDATE 4-Oil falls towards $117 on slowing growth

Reuters Middle East -- * Investors cautious ahead of Italy's election

* Technical charts point to fall in oil prices

* U.S. oil inventories data delayed to Wed, Thurs

(Recasts with new detail, comment; paragraphs 1-7, 13)

LONDON, Feb 19 (Reuters) - Brent crude oil slipped towards

$117 per barrel on Tuesday, falling for a third session in a row

on signs of lacklustre European growth and easing geopolitical

tensions.

Oil prices rose strongly during the first six weeks of the

year, but peaked more than a week ago and have since

consolidated as investors have reassessed the prospects for

global growth and potential worries over oil supply.

Forecasts for a slowdown in France's GDP growth in 2013 and

elections in Italy have added to uncertainty on the euro zone

outlook, curbin


Read the Full Article

Submitted Feb 19, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: UPDATE 4-Oil falls towards $117 on slowing growth Back to Topics
REPLIES (newest first) Post a Reply
JMW1942
Champion Author Michigan

Posts:3,705
Points:1,194,585
Joined:Feb 2012
Message Posted: Feb 20, 2013 8:04:44 AM

If wholesale prices in a given area between dealers is only 2 or 3 cents, look at all the stations that are ripping us off.
goldrose1
Champion Author Cleveland

Posts:14,306
Points:2,706,055
Joined:Feb 2005
Message Posted: Feb 20, 2013 1:47:34 AM

Actually saw a price drop 2 cents tonight. Nice to see that happen more.
SkooterG
Champion Author Phoenix

Posts:4,008
Points:1,109,400
Joined:May 2012
Message Posted: Feb 19, 2013 11:35:25 PM

What does all this info matter? Prices continue to skyrocket!
wshokie12
Champion Author Winston-Salem

Posts:3,500
Points:946,890
Joined:Aug 2012
Message Posted: Feb 19, 2013 9:30:46 PM

Ok.
boatfloyd
Champion Author Jacksonville

Posts:5,138
Points:1,197,265
Joined:Mar 2012
Message Posted: Feb 19, 2013 9:19:19 PM

Gas is going up, whatever the price oil is.
silverfoxv65
Champion Author Michigan

Posts:7,903
Points:2,037,180
Joined:Sep 2009
Message Posted: Feb 19, 2013 9:16:09 PM

Slowing growth, witch is it, picking up or slowing down.
1fulltank
Champion Author Buffalo

Posts:11,058
Points:2,317,830
Joined:Nov 2008
Message Posted: Feb 19, 2013 9:15:17 PM

"...slipped toward..." . More like "inched".
bluebird1
Champion Author Toronto

Posts:19,108
Points:3,892,670
Joined:May 2004
Message Posted: Feb 19, 2013 9:13:57 PM

Crude up or down...gas prices rise --- go figure!!!
Bill100
Champion Author Grand Rapids

Posts:46,076
Points:1,923,630
Joined:Jan 2010
Message Posted: Feb 19, 2013 9:13:24 PM

Prices will have to fall when nobody can afford to buy gas. It's just too hard to get blood out of a rock.
ClassicWheeler
Champion Author Montgomery

Posts:3,927
Points:1,137,625
Joined:Apr 2012
Message Posted: Feb 19, 2013 9:13:10 PM

It is going down, but not the prices. Don't you get it!
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Feb 19, 2013 9:13:03 PM

We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
Ray_10589
Champion Author New York

Posts:8,128
Points:1,970,570
Joined:May 2009
Message Posted: Feb 19, 2013 9:09:27 PM

too too High
N5EXY
Champion Author Austin

Posts:8,905
Points:2,318,555
Joined:Jul 2004
Message Posted: Feb 19, 2013 9:09:06 PM

I still like my Marauder. I will just drive less and enjoy it more.
obimerrill
Champion Author Cincinnati

Posts:4,814
Points:1,121,365
Joined:Jul 2012
Message Posted: Feb 19, 2013 9:06:39 PM

Hope gas goes down with oil prices...
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Feb 19, 2013 9:04:29 PM

Oil execs driving big vehicles and we drive (if it's still running) our 4 cylinder, held together by bailing wire and other odd items, "car"

[Edited by: arb0526 at 2/20/2013 12:05:08 AM EST]
mlmeng
Champion Author Michigan

Posts:5,010
Points:1,405,565
Joined:Mar 2011
Message Posted: Feb 19, 2013 9:03:56 PM

Gas prices are already too high and are going up.
AnObserver
Champion Author New Jersey

Posts:11,556
Points:3,031,715
Joined:Sep 2005
Message Posted: Feb 19, 2013 9:03:53 PM

Over priced
yyc2yow
Champion Author Ottawa

Posts:1,043
Points:690,575
Joined:Dec 2009
Message Posted: Feb 19, 2013 9:01:28 PM

way to much $$$$
DustyHorse
Champion Author Virginia

Posts:9,364
Points:2,164,190
Joined:Oct 2008
Message Posted: Feb 19, 2013 9:00:03 PM

Oil is way overpriced.
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Feb 19, 2013 8:59:03 PM

We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Feb 19, 2013 8:58:02 PM

Gas prices are too high.
libertyut
Champion Author Utah

Posts:1,382
Points:299,265
Joined:Mar 2012
Message Posted: Feb 19, 2013 8:57:49 PM

Bla Bla Bla
Vette1967
Champion Author Albany

Posts:9,340
Points:2,086,595
Joined:Jun 2009
Message Posted: Feb 19, 2013 8:57:40 PM

Going to use less.
DrCashFlow
Champion Author Massachusetts

Posts:10,303
Points:2,414,610
Joined:Jun 2008
Message Posted: Feb 19, 2013 8:57:04 PM

Oil upside limited by increased likelihood of causing recessions worldwide and leadingvto decreased demand
Buddy2264
Champion Author Tampa

Posts:15,119
Points:3,195,695
Joined:Oct 2005
Message Posted: Feb 19, 2013 8:55:42 PM

Princes are not going to fall as we continue to export refined fuels from US oil and imports for the profits. Our only way out now is an alternative or hybrid and not using oil.
FlyNFool
Champion Author South Carolina

Posts:11,523
Points:2,511,270
Joined:Aug 2008
Message Posted: Feb 19, 2013 8:51:49 PM

What?
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:779,635
Joined:Dec 2010
Message Posted: Feb 19, 2013 8:50:39 PM

hahahahaha
jackster111
Champion Author North Carolina

Posts:8,543
Points:1,195,700
Joined:Feb 2012
Message Posted: Feb 19, 2013 8:48:44 PM

okay
milespergallon
Champion Author Illinois

Posts:12,967
Points:2,716,300
Joined:Feb 2007
Message Posted: Feb 19, 2013 8:48:19 PM

Slowing growth??????????????
Economy upswing?????????????????
Economic growth??????????????????
B u l l E x c r e m e n t!!!!!!!!!!!!!!!!!!!!!!!!!
B o v i n e D r o p p i n g s!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WIWalt
Champion Author Wisconsin

Posts:4,997
Points:1,219,070
Joined:Mar 2012
Message Posted: Feb 19, 2013 8:47:10 PM

Just like candy bars, the package is the same size but the bar inside is smaller. Big oil is paying less for barrel & charging us more per gallon
Tucker16
Champion Author Ottawa

Posts:1,280
Points:998,580
Joined:Jul 2006
Message Posted: Feb 19, 2013 8:43:10 PM

Keep falling!
Brucevanf
Champion Author New Brunswick

Posts:4,399
Points:1,042,620
Joined:Aug 2012
Message Posted: Feb 19, 2013 8:41:12 PM

Everyone is conserving because of the cost.
medic319
All-Star Author Akron

Posts:756
Points:671,700
Joined:Mar 2012
Message Posted: Feb 19, 2013 8:37:46 PM

The slower growth is because of high oil prices.
geoutpb
Champion Author Midland Odessa

Posts:7,761
Points:1,812,610
Joined:Dec 2006
Message Posted: Feb 19, 2013 8:34:31 PM

Oil prices need to go higher baby needs new shoes.
chvytruk
All-Star Author Kentucky

Posts:806
Points:412,335
Joined:Sep 2006
Message Posted: Feb 19, 2013 8:31:21 PM

It has been proven repeatedly over the last several months/years that the pump price is totally upwardly independent, irrespective of how low the price of a barrel of crude may fall.
wayoung56
Champion Author Alabama

Posts:6,036
Points:1,626,910
Joined:Oct 2006
Message Posted: Feb 19, 2013 8:28:09 PM

Very confusing and doesn't seem to matter very much with all the profit taking going on...
SpankyMI
Champion Author Kalamazoo

Posts:5,527
Points:1,514,940
Joined:Jan 2011
Message Posted: Feb 19, 2013 8:26:31 PM

Was it not reported last week that the prices of crude was $97? I'm confused.
cifuentesab
Champion Author Sacramento

Posts:3,714
Points:1,313,800
Joined:Jul 2011
Message Posted: Feb 19, 2013 8:25:18 PM

whatever
badharley
Champion Author Tampa

Posts:2,830
Points:1,119,415
Joined:Jul 2010
Message Posted: Feb 19, 2013 8:24:59 PM

Just GREED
PissedATthePump
All-Star Author Pennsylvania

Posts:600
Points:160,180
Joined:May 2012
Message Posted: Feb 19, 2013 8:22:11 PM

More BS
Brunduski
All-Star Author Missouri

Posts:612
Points:384,710
Joined:Jun 2012
Message Posted: Feb 19, 2013 8:21:19 PM

How can oil be falling with such a robust, recovering economy that we have. At least that is what Obama keeps saying. Things sure look rosey when your wearing rose colored glasses.
bojiway1
Champion Author Minnesota

Posts:5,317
Points:1,294,235
Joined:Dec 2011
Message Posted: Feb 19, 2013 8:20:35 PM

Jumping every day
12mpgnavigator
Champion Author Seattle

Posts:2,844
Points:674,835
Joined:Jun 2009
Message Posted: Feb 19, 2013 8:20:29 PM

same story, different day
BlewettCA
Veteran Author California

Posts:318
Points:346,810
Joined:May 2012
Message Posted: Feb 19, 2013 8:20:07 PM

bla bla bla
BREW9
Champion Author Tampa

Posts:4,242
Points:3,721,335
Joined:Jun 2004
Message Posted: Feb 19, 2013 8:16:40 PM

climbing everyday
drz614
Champion Author Harrisburg

Posts:5,705
Points:1,406,790
Joined:Aug 2011
Message Posted: Feb 19, 2013 8:14:12 PM

bigdipperMS: rotflmao, sorry. I mean obummer won the election too. You are using the common sense approach.


[Edited by: drz614 at 2/19/2013 11:16:32 PM EST]
bigdipperMS
Champion Author Mississippi

Posts:2,787
Points:1,203,000
Joined:Apr 2011
Message Posted: Feb 19, 2013 8:12:36 PM

Should not gasoline prices start to drop instead of the increases we are seeing?
us4usa
Champion Author Missouri

Posts:7,175
Points:1,591,615
Joined:May 2008
Message Posted: Feb 19, 2013 8:11:00 PM

High prices will always slow growth...
texasvet
Champion Author Texas

Posts:5,740
Points:488,655
Joined:Jul 2009
Message Posted: Feb 19, 2013 8:08:07 PM

More pipeline capacity between Cushing and the coast should help bring down Brent and help close the gap with WTI. Of course Keystone XL would have helped too, if it hadn't been blocked for years.
DrLyon
Champion Author Michigan

Posts:9,094
Points:1,965,060
Joined:May 2006
Message Posted: Feb 19, 2013 8:05:25 PM

Fall more...
Lukus
Champion Author Halifax

Posts:11,489
Points:2,459,115
Joined:Nov 2007
Message Posted: Feb 19, 2013 8:03:31 PM

OK, more reports.
Post a reply Back to Topics