Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:00 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: What's Propping Up Gasoline Futures? Back to Topics
PD

Moderator
Message Posted: Aug 19, 2011 11:51:16 AM

CNN shared some intriguing information yesterday. It reported that crude oil, trading at $82.38 (and moving lower today) was fast approaching the lowest level it's seen in a 52-week trading range. (The low in that range is $80.90 per barrel while the high end of that range is $144 per barrel.)

At the same time, gasoline futures contracts for September are trading at $2.78 (wholesale) which puts unleaded gasoline mid-range over the same period. The 52-week low for gasoline futures is $2.09 and the high is $3.40. Trading Economics reports that gasoline futures have rallied 44.37 percent during the last 12 months.

This link will show you the trend: CNN Money

Why the disparity? What's propping up gasoline...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
Profile Pic
KerryOK
Rookie Author Los Angeles

Posts:20
Points:25,085
Joined:Mar 2009
Message Posted: Aug 23, 2011 12:41:20 AM

So why is gas still higher than it was in December?
Profile Pic
mlaurence
Veteran Author Boston

Posts:313
Points:1,176,655
Joined:Apr 2009
Message Posted: Aug 22, 2011 9:56:45 PM

The main thing that's propping up gas prices is insatiable worldwide demand.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,186
Points:2,060,515
Joined:Nov 2008
Message Posted: Aug 21, 2011 8:54:08 AM

Pete12: I agree... lots of specutraitors are hoping they strike it rich w/ oil.
Profile Pic
1006
Champion Author Birmingham

Posts:1,138
Points:1,675,250
Joined:Apr 2008
Message Posted: Aug 21, 2011 8:34:58 AM

no surprise here . . hands out to the consumer
Profile Pic
nervous
Veteran Author Ventura

Posts:279
Points:5,705
Joined:Oct 2010
Message Posted: Aug 20, 2011 10:50:27 PM

Sounds alittle more like lookin into that crystal ball. "Hope and Change"
Profile Pic
bullman68
All-Star Author St. Louis

Posts:599
Points:370,335
Joined:May 2011
Message Posted: Aug 20, 2011 10:23:50 PM

Oil:tax:manipulation or oil:manipulation:tax
Profile Pic
Pete12
Champion Author Albany

Posts:5,686
Points:1,964,190
Joined:Nov 2005
Message Posted: Aug 20, 2011 7:34:03 PM

The speculators are propping it up to fill their pockets at the expense of the consumer.
Profile Pic
reb4
Champion Author Chicago

Posts:23,155
Points:2,272,575
Joined:Sep 2004
Message Posted: Aug 20, 2011 11:49:12 AM

This is usually the case... and notice the chart and oil price compared to ... Corn...
Profile Pic
torn8owx
Champion Author Philadelphia

Posts:2,313
Points:577,515
Joined:Feb 2010
Message Posted: Aug 20, 2011 7:11:59 AM

Does this disconnect come as a surprise?
Profile Pic
WalRus49
Champion Author Boston

Posts:6,269
Points:1,319,515
Joined:Nov 2010
Message Posted: Aug 20, 2011 3:02:30 AM

Just more organized mayhem and pillage....
Profile Pic
fordUTD
Rookie Author Dallas

Posts:33
Points:193,850
Joined:Jul 2011
Message Posted: Aug 20, 2011 12:57:29 AM

Seems like the price won't fall below $3 again.....
Profile Pic
us4usa
Champion Author Missouri

Posts:7,078
Points:1,433,880
Joined:May 2008
Message Posted: Aug 20, 2011 12:38:30 AM

Time to switch all cars and trucks to LPG/CNG.... Then OPEC will drop their price... As for wall street 50% or more down on all oil trades... And for the ones holding oil stock hoping for higher prices, how are your other stocks doing??? But for all your money is in oil, I say every dog has its day, then its over.... So make tons of money on our backs, just remember soon you will be supporting a lot of people...
Profile Pic
CDMAuto
Champion Author Connecticut

Posts:5,891
Points:1,200,090
Joined:Apr 2011
Message Posted: Aug 20, 2011 12:24:47 AM

GREED
Profile Pic
AnObserver
Champion Author New Jersey

Posts:10,350
Points:2,681,255
Joined:Sep 2005
Message Posted: Aug 20, 2011 12:24:44 AM

Uh .. greed?
Profile Pic
Bonito
Champion Author Dayton

Posts:17,914
Points:3,397,990
Joined:Jun 2004
Message Posted: Aug 20, 2011 12:23:08 AM

MORE BULL AND GREED BY THE RICH. LONDON SHOULD BE A CLUE?
Profile Pic
Zonk
Champion Author Michigan

Posts:8,586
Points:2,545,390
Joined:Oct 2005
Message Posted: Aug 20, 2011 12:22:50 AM

The cut backs aren't for all to benefit from.
Profile Pic
JeffreyZan
Champion Author Pittsburgh

Posts:3,145
Points:761,775
Joined:May 2004
Message Posted: Aug 20, 2011 12:20:41 AM

..
Profile Pic
malcolm016
Veteran Author Atlanta

Posts:295
Points:96,350
Joined:Jun 2011
Message Posted: Aug 20, 2011 12:20:27 AM

damn
Profile Pic
LoneGuy
Champion Author Lansing

Posts:10,352
Points:2,718,665
Joined:Aug 2005
Message Posted: Aug 20, 2011 12:20:07 AM

I look forward to gas below $3 but it is back down to $3.54 in mid Michigan.
Profile Pic
VetteBlue
Champion Author San Jose

Posts:8,023
Points:1,612,720
Joined:Jan 2007
Message Posted: Aug 20, 2011 12:19:54 AM

Cut back on supply.
Profile Pic
Badmoon
Champion Author Massachusetts

Posts:10,451
Points:2,102,120
Joined:Oct 2008
Message Posted: Aug 20, 2011 12:18:51 AM

The crack spreads are outrageous right now. Is it the market or refiners screwing the public?
Profile Pic
crowefamily1
All-Star Author Texas

Posts:804
Points:297,100
Joined:Sep 2006
Message Posted: Aug 20, 2011 12:15:00 AM

What's propping up gasoline -- its our wallets no matter how much we complain and moan and groan we still buy the fuel, after all we still need to drive to work, the grocery store, take our kids to school go to school our selves they know this and we know this they like playing with our minds and our emotions so what are we supposed to do --- LAY DOWN AND TAKE IT - WITH SAND PAPER !!!!
Profile Pic
Eliano
Champion Author Baltimore

Posts:1,412
Points:395,375
Joined:Jun 2011
Message Posted: Aug 20, 2011 12:13:34 AM

speculators win again :(
Profile Pic
MidNJ
Champion Author New Jersey

Posts:9,211
Points:1,571,070
Joined:Sep 2009
Message Posted: Aug 20, 2011 12:13:31 AM

Wow!, 12:12 AM (EST) and no new article posted?

Interesting
Profile Pic
rxman1
Champion Author Toledo

Posts:11,828
Points:2,310,845
Joined:Nov 2007
Message Posted: Aug 20, 2011 12:10:53 AM

Everybody wins but the consumer.
Profile Pic
OceansidePoms
Champion Author Massachusetts

Posts:1,896
Points:948,845
Joined:Nov 2008
Message Posted: Aug 20, 2011 12:09:50 AM

Just be hopeful.... I know all this speculation scr*ws everything up... But what are we to do... Why don't we at least be hopeful & fight however we can... I will say, I have seen a positive difference here in S.E - MA in the past 3 weeks! From $4.09 to $3.59 & lower... It needs to fall... How many more people have to file for BANKRUPTCY before they lower the stupid GAS PRICES! Come on! Find something else to **** with! Not something SO essential! We haven't done SH** to the Government & all the stupid price setters! So why the hell are we being treated as if we are being punished? F THIS! GO LOW or We should make it blo*.... j/k ;)
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:4,848
Points:1,181,580
Joined:Mar 2011
Message Posted: Aug 20, 2011 12:09:37 AM

dang speculators
Profile Pic
gd83goldwinger
Champion Author South Bend

Posts:2,584
Points:794,580
Joined:May 2011
Message Posted: Aug 20, 2011 12:09:14 AM

Speculators should be given a pink slip.
Profile Pic
Bigwaynef
Champion Author South Carolina

Posts:14,251
Points:2,529,845
Joined:Dec 2006
Message Posted: Aug 20, 2011 12:09:06 AM

Obama has saved the world again...
Profile Pic
frostyWV
Champion Author West Virginia

Posts:2,340
Points:521,130
Joined:May 2011
Message Posted: Aug 20, 2011 12:08:26 AM

greedy effing speculators!!!!!!!
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,806
Points:1,527,130
Joined:Jun 2005
Message Posted: Aug 20, 2011 12:07:55 AM

NJ prices are coming down
Profile Pic
gocatgo
Champion Author South Carolina

Posts:18,524
Points:2,980,210
Joined:Apr 2006
Message Posted: Aug 20, 2011 12:06:27 AM

Hopefully with the drop in oil prices the speculators will lose money!
Profile Pic
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:776,235
Joined:Dec 2010
Message Posted: Aug 20, 2011 12:06:22 AM

crack spread...that's just wrong on many different levels
Profile Pic
tutaw
Champion Author Kentucky

Posts:5,553
Points:1,281,295
Joined:Sep 2008
Message Posted: Aug 20, 2011 12:03:41 AM

greed and dumb public is keeping up gas prices
Profile Pic
OGW
Champion Author London

Posts:6,863
Points:1,924,915
Joined:Sep 2005
Message Posted: Aug 20, 2011 12:03:39 AM

Speculators are killing the economy.
Profile Pic
ricebike
Champion Author New Jersey

Posts:11,937
Points:2,238,950
Joined:Oct 2005
Message Posted: Aug 20, 2011 12:03:18 AM

ha, crack spread = it's "legal stealing"
Profile Pic
MidNJ
Champion Author New Jersey

Posts:9,211
Points:1,571,070
Joined:Sep 2009
Message Posted: Aug 20, 2011 12:01:16 AM

"What's Propping Up Gasoline Futures?"

Good question!!!

[Edited by: MidNJ at 8/20/2011 12:02:21 AM EST]
Profile Pic
rippinusoff
Champion Author Lexington

Posts:9,542
Points:1,937,300
Joined:May 2007
Message Posted: Aug 20, 2011 12:01:10 AM

we are being ripped off as usual
Profile Pic
sosgas
Champion Author Portland

Posts:1,096
Points:650,835
Joined:Feb 2009
Message Posted: Aug 20, 2011 12:00:54 AM

Thanks.
Profile Pic
memelissa
Veteran Author Miami

Posts:315
Points:62,125
Joined:May 2007
Message Posted: Aug 19, 2011 11:57:43 PM

damn
Profile Pic
bcok
Champion Author Los Angeles

Posts:3,056
Points:1,829,325
Joined:Oct 2005
Message Posted: Aug 19, 2011 11:57:40 PM

If this lower price range doesn't break a record then we have to try harder to get those prices down-way down.
Profile Pic
AnObserver
Champion Author New Jersey

Posts:10,350
Points:2,681,255
Joined:Sep 2005
Message Posted: Aug 19, 2011 11:55:35 PM

Greed?
Profile Pic
afghaned
Champion Author Ottawa

Posts:14,652
Points:1,735,885
Joined:May 2004
Message Posted: Aug 19, 2011 11:54:50 PM

One side or the other will cause prices to stay high. Tax or profit, it doesn't matter either way we pay.
Profile Pic
skybiker
Champion Author South Carolina

Posts:8,778
Points:1,972,405
Joined:Jul 2008
Message Posted: Aug 19, 2011 11:53:47 PM

synthetic speculation!!...
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,146
Points:1,809,130
Joined:Oct 2008
Message Posted: Aug 19, 2011 11:51:44 PM

Hopefully the speculators will lose money.
Profile Pic
Sody33
Champion Author Las Vegas

Posts:18,176
Points:2,061,560
Joined:Oct 2005
Message Posted: Aug 19, 2011 11:46:21 PM

GREED. Good Grief, Charlie Brown doesn't everyone guess this by now??
Profile Pic
ciimike
Champion Author Nevada

Posts:4,731
Points:1,183,030
Joined:Aug 2005
Message Posted: Aug 19, 2011 11:44:55 PM

Investors like the cracks as well.
Profile Pic
jimgraham
Champion Author Akron

Posts:12,540
Points:2,430,530
Joined:Oct 2007
Message Posted: Aug 19, 2011 11:44:01 PM

We will not see gas under $3 for very long - if at all - DC and the states will figure that we are willing and able to pay $3.50 to $4.00 for gas, so they will just add a tax to keep it there.
Profile Pic
tomok
Champion Author Portland

Posts:41,903
Points:2,796,160
Joined:Aug 2006
Message Posted: Aug 19, 2011 11:43:43 PM

Whatever the mechanism for Gasoline Futures - The price of fuel at the pump is too high!
Profile Pic
woodeye55
Champion Author Gary

Posts:9,635
Points:2,304,880
Joined:Mar 2006
Message Posted: Aug 19, 2011 11:42:05 PM

...because they want it high.
Post a reply Back to Topics