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GasBuddy News Article

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Oil price gains to above $94 on weaker dollar

Associated Press -- The price of oil rose by more than a dollar Monday, to above $94 a barrel, as it recovered from sharp drops last week and echoed strong gains in European stock markets.

By early afternoon in Europe, benchmark crude for April delivery was up $1.11 to $94.24 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 29 cents to settle at $93.13 in New York on Friday.

Oil dived last week on the possibility that the Federal Reserve might stop offering monetary stimulus, which its most recently released minutes suggested was possible. That would strengthen the dollar, making crude more expensive for international investors, and shut off a supply of money that some say had been fueling speculative trades in commodity markets.

The price of crude stabilized F


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Submitted Feb 25, 2013 By: WxVette
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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Mar 3, 2013 6:55:01 AM

wow. That's even more painful rj.
rjhenn
Champion Author Des Moines

Posts:29,790
Points:2,964,280
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Message Posted: Mar 3, 2013 2:30:08 AM

Here we were up 66¢, but recently dropped 5¢.
QualTekGuy
Champion Author Illinois

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Points:1,456,915
Joined:Feb 2007
Message Posted: Mar 2, 2013 8:58:48 PM

It is not the cause of the pump price rise.

[Edited by: QualTekGuy at 3/2/2013 9:59:26 PM EST]
honda0105
Champion Author Tallahassee

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Message Posted: Mar 2, 2013 6:14:50 AM

prices at the pump aren't dropping much... 65 cents up, not even 15 cents back down so far.
honda0105
Champion Author Tallahassee

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Message Posted: Mar 1, 2013 4:58:48 AM

another round of BOHICA on the horizon, eh?
KhelbenArunson
Champion Author Michigan

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Message Posted: Feb 26, 2013 8:56:16 PM

Boo.
ejl2000
Champion Author New Jersey

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Message Posted: Feb 26, 2013 5:37:09 AM

Hope & Change ....... Due to current economic conditions the light at the end of the tunnel has been turned off!
2005Retired
Champion Author Arkansas

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Message Posted: Feb 26, 2013 12:02:45 AM

we all feel weaker
regout
Champion Author Quebec

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Message Posted: Feb 25, 2013 11:45:14 PM

It will be the same every month. Up and down.
ican2step
Champion Author Pittsburgh

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Message Posted: Feb 25, 2013 11:44:28 PM

Okay
GAS1251
Champion Author Texas

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Message Posted: Feb 25, 2013 11:36:01 PM

Full moon pulls on oil also
ricebike
Champion Author New Jersey

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Message Posted: Feb 25, 2013 11:32:47 PM

up and down

yea, we get it
Vette1967
Champion Author Albany

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Message Posted: Feb 25, 2013 11:32:27 PM

Okay...
crreed1
Champion Author West Virginia

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Message Posted: Feb 25, 2013 11:31:41 PM

old news
10k
Champion Author North Carolina

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Message Posted: Feb 25, 2013 11:31:06 PM

don't y'all know all those muslim arab countries are laughing at the idiot sheeple in this country..
Buddy2264
Champion Author Tampa

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Message Posted: Feb 25, 2013 11:27:47 PM

Problem is we keep exporting more refined fuels from now US oil and imports as we can do that but cannot export oil. All about profits now, not demand or use.
tedjm1
Champion Author New York

Posts:5,609
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Message Posted: Feb 25, 2013 11:25:26 PM

Weaker does not mean prices go down.
Only means we are cheaper to foreigners.
mcbrownie220
Sophomore Author Toledo

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Joined:Jun 2012
Message Posted: Feb 25, 2013 11:25:23 PM

ok
unicornpmb
Champion Author Buffalo

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Message Posted: Feb 25, 2013 11:25:22 PM

Fact of life. Oil goes up so does gas. Oil goes down, gas goes up.
mfeldstein
Champion Author Ottawa

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Message Posted: Feb 25, 2013 11:21:56 PM

So why haven't gas prices gone down?
wshokie12
Champion Author Winston-Salem

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Message Posted: Feb 25, 2013 11:21:49 PM

Okay.
boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 25, 2013 11:20:42 PM

Should go down today.
GasholeMI
Champion Author Lansing

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Message Posted: Feb 25, 2013 11:20:19 PM

Local pump prices up to 3.99 here today.
Rageagainsttm
Champion Author Tampa

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Message Posted: Feb 25, 2013 11:19:57 PM

Gas prices going back up.
PrinceLH
Champion Author Ontario

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Message Posted: Feb 25, 2013 11:18:52 PM

Fiscal cliff again!
Zonk
Champion Author Michigan

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Message Posted: Feb 25, 2013 11:18:46 PM

The price of oil remains out of control.
pokey2002
Champion Author Massachusetts

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Message Posted: Feb 25, 2013 11:17:32 PM

Whats next?
rahcat
Champion Author Grand Rapids

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Message Posted: Feb 25, 2013 11:17:23 PM

INSANITY.......UP TO $3.99 TODAY!!!!!!!
Cableman66
Champion Author North Carolina

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Message Posted: Feb 25, 2013 11:14:49 PM

Good thing I didn't hold my breath on the news that prices were dropping.
jkpsr
Champion Author New Jersey

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Message Posted: Feb 25, 2013 11:13:55 PM

The target inflation rate is 2%, but there was none in January.
Fox4834
Veteran Author Indianapolis

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Message Posted: Feb 25, 2013 11:13:26 PM

joy...
yyc2yow
Champion Author Ottawa

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Message Posted: Feb 25, 2013 11:13:21 PM

anythink we don't know?
E350
Sophomore Author Florida

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Message Posted: Feb 25, 2013 11:12:35 PM

it's weaker alright.
jetmech568
Champion Author Idaho

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Message Posted: Feb 25, 2013 11:10:03 PM

see what happens
Badjef
Champion Author Florida

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Message Posted: Feb 25, 2013 11:07:54 PM

Blame it on Washington.

They are the big elephant in the room!
jetskijerry
Champion Author North Carolina

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Message Posted: Feb 25, 2013 11:07:00 PM

crooks
TheeRedRam
Champion Author Hartford

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Message Posted: Feb 25, 2013 11:06:59 PM

Let's see how this plays out
DustyHorse
Champion Author Virginia

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Message Posted: Feb 25, 2013 11:04:45 PM

Oil and gasoline are very overpriced. Hopefully, some speculators are about to lose a lot of money.
sjhman
Veteran Author Atlanta

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Message Posted: Feb 25, 2013 11:04:36 PM

no
JasTheAce
Champion Author Raleigh

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Message Posted: Feb 25, 2013 11:03:32 PM

yep
okgasbud
Veteran Author Tulsa

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Message Posted: Feb 25, 2013 11:02:34 PM

What's your point? Gas prices will still fluctuate at will. Thanks for posting.
mia3bxs
All-Star Author Miami

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Message Posted: Feb 25, 2013 11:00:04 PM

ok
kcboy
Champion Author Utah

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Message Posted: Feb 25, 2013 10:56:47 PM

ok
boatcrazyinme
Champion Author Maine

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Message Posted: Feb 25, 2013 10:55:36 PM

Do you get the feeling our goverment dosent realy care?
WGW1
Champion Author British Columbia

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Message Posted: Feb 25, 2013 10:54:04 PM

Good news is bad, bad news is good.
7SPEEDY7
Champion Author Flint

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Message Posted: Feb 25, 2013 10:54:04 PM

Sad
UrbEx219
Sophomore Author Gary

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Message Posted: Feb 25, 2013 10:53:20 PM

Corporate States of America
EvPv
Champion Author Maine

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Message Posted: Feb 25, 2013 10:45:11 PM

I don't know. Can't get past the "Oil dived last week...". Shouldn't that be 'Oil dove last week....'

It will be interesting to see if the stalemate in D.C. trumps the election results or lack of in Italy regarding the value of the U.S. dollar.
TXRanger09
Champion Author Dallas

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Message Posted: Feb 25, 2013 10:41:35 PM

Whats the reason for natural gas rising?
Titan_62
Champion Author North Carolina

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Message Posted: Feb 25, 2013 10:40:35 PM

Thanks for posting
Marson
Champion Author Scranton

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Message Posted: Feb 25, 2013 10:39:30 PM

Why?
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