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Author	Topic: What's Propping Up Gasoline Futures?	Post a Reply Back to Topics

PD Moderator	Message Posted: Aug 19, 2011 11:51:16 AM Ignore PD Report Abuse 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

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

Ignore PD Report Abuse

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

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KerryOK Rookie Author Los Angeles Posts:20 Points:24,185 Joined:Mar 2009	Message Posted: Aug 23, 2011 12:41:20 AM Ignore KerryOK Report Abuse So why is gas still higher than it was in December?
mlaurence Veteran Author Boston Posts:313 Points:1,043,955 Joined:Apr 2009	Message Posted: Aug 22, 2011 9:56:45 PM Ignore mlaurence Report Abuse The main thing that's propping up gas prices is insatiable worldwide demand.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Aug 21, 2011 8:54:08 AM Ignore honda0105 Report Abuse Pete12: I agree... lots of specutraitors are hoping they strike it rich w/ oil.
1006 Champion Author Birmingham Posts:1,105 Points:1,351,590 Joined:Apr 2008	Message Posted: Aug 21, 2011 8:34:58 AM Ignore 1006 Report Abuse no surprise here . . hands out to the consumer
nervous Sophomore Author Ventura Posts:221 Points:4,545 Joined:Oct 2010	Message Posted: Aug 20, 2011 10:50:27 PM Ignore nervous Report Abuse Sounds alittle more like lookin into that crystal ball. "Hope and Change"
bullman68 All-Star Author St. Louis Posts:599 Points:366,285 Joined:May 2011	Message Posted: Aug 20, 2011 10:23:50 PM Ignore bullman68 Report Abuse Oil:tax:manipulation or oil:manipulation:tax
Pete12 Champion Author Albany Posts:4,861 Points:1,640,415 Joined:Nov 2005	Message Posted: Aug 20, 2011 7:34:03 PM Ignore Pete12 Report Abuse The speculators are propping it up to fill their pockets at the expense of the consumer.
reb4 Champion Author Chicago Posts:19,074 Points:1,817,375 Joined:Sep 2004	Message Posted: Aug 20, 2011 11:49:12 AM Ignore reb4 Report Abuse This is usually the case... and notice the chart and oil price compared to ... Corn...
torn8owx Champion Author Philadelphia Posts:2,313 Points:577,515 Joined:Feb 2010	Message Posted: Aug 20, 2011 7:11:59 AM Ignore torn8owx Report Abuse Does this disconnect come as a surprise?
WalRus49 Champion Author Boston Posts:4,055 Points:864,865 Joined:Nov 2010	Message Posted: Aug 20, 2011 3:02:30 AM Ignore WalRus49 Report Abuse Just more organized mayhem and pillage....
fordUTD Rookie Author Dallas Posts:33 Points:193,850 Joined:Jul 2011	Message Posted: Aug 20, 2011 12:57:29 AM Ignore fordUTD Report Abuse Seems like the price won't fall below $3 again.....
us4usa Champion Author Missouri Posts:5,976 Points:1,108,585 Joined:May 2008	Message Posted: Aug 20, 2011 12:38:30 AM Ignore us4usa Report Abuse 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...
CDMAuto Champion Author Connecticut Posts:3,768 Points:749,690 Joined:Apr 2011	Message Posted: Aug 20, 2011 12:24:47 AM Ignore CDMAuto Report Abuse GREED
AnObserver Champion Author New Jersey Posts:8,339 Points:2,254,755 Joined:Sep 2005	Message Posted: Aug 20, 2011 12:24:44 AM Ignore AnObserver Report Abuse Uh .. greed?
Bonito Champion Author Dayton Posts:15,728 Points:3,003,895 Joined:Jun 2004	Message Posted: Aug 20, 2011 12:23:08 AM Ignore Bonito Report Abuse MORE BULL AND GREED BY THE RICH. LONDON SHOULD BE A CLUE?
Zonk Champion Author Michigan Posts:6,461 Points:2,098,015 Joined:Oct 2005	Message Posted: Aug 20, 2011 12:22:50 AM Ignore Zonk Report Abuse The cut backs aren't for all to benefit from.
JeffreyZan Champion Author Pittsburgh Posts:3,131 Points:719,570 Joined:May 2004	Message Posted: Aug 20, 2011 12:20:41 AM Ignore JeffreyZan Report Abuse ..
malcolm016 Veteran Author Atlanta Posts:295 Points:96,350 Joined:Jun 2011	Message Posted: Aug 20, 2011 12:20:27 AM Ignore malcolm016 Report Abuse damn
LoneGuy Champion Author Lansing Posts:8,460 Points:2,313,995 Joined:Aug 2005	Message Posted: Aug 20, 2011 12:20:07 AM Ignore LoneGuy Report Abuse I look forward to gas below $3 but it is back down to $3.54 in mid Michigan.
VetteBlue Champion Author San Jose Posts:8,023 Points:1,612,720 Joined:Jan 2007	Message Posted: Aug 20, 2011 12:19:54 AM Ignore VetteBlue Report Abuse Cut back on supply.
Badmoon Champion Author Massachusetts Posts:8,288 Points:1,647,490 Joined:Oct 2008	Message Posted: Aug 20, 2011 12:18:51 AM Ignore Badmoon Report Abuse The crack spreads are outrageous right now. Is it the market or refiners screwing the public?
crowefamily1 All-Star Author Texas Posts:804 Points:297,100 Joined:Sep 2006	Message Posted: Aug 20, 2011 12:15:00 AM Ignore crowefamily1 Report Abuse 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 !!!!
Eliano Champion Author Baltimore Posts:1,412 Points:388,100 Joined:Jun 2011	Message Posted: Aug 20, 2011 12:13:34 AM Ignore Eliano Report Abuse speculators win again :(
MidNJ Champion Author New Jersey Posts:7,532 Points:1,169,255 Joined:Sep 2009	Message Posted: Aug 20, 2011 12:13:31 AM Ignore MidNJ Report Abuse Wow!, 12:12 AM (EST) and no new article posted? Interesting
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Aug 20, 2011 12:10:53 AM Ignore rxman1 Report Abuse Everybody wins but the consumer.
OceansidePoms Champion Author Massachusetts Posts:1,680 Points:684,325 Joined:Nov 2008	Message Posted: Aug 20, 2011 12:09:50 AM Ignore OceansidePoms Report Abuse Just be hopeful.... I know all this speculation scrws 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 ;)
kgbellman Champion Author Ann Arbor Posts:2,693 Points:727,840 Joined:Mar 2011	Message Posted: Aug 20, 2011 12:09:37 AM Ignore kgbellman Report Abuse dang speculators
gd83goldwinger Champion Author South Bend Posts:1,428 Points:501,230 Joined:May 2011	Message Posted: Aug 20, 2011 12:09:14 AM Ignore gd83goldwinger Report Abuse Speculators should be given a pink slip.
Bigwaynef Champion Author South Carolina Posts:11,444 Points:2,076,760 Joined:Dec 2006	Message Posted: Aug 20, 2011 12:09:06 AM Ignore Bigwaynef Report Abuse Obama has saved the world again...
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Aug 20, 2011 12:08:26 AM Ignore frostyWV Report Abuse greedy effing speculators!!!!!!!
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Aug 20, 2011 12:07:55 AM Ignore jkpsr Report Abuse NJ prices are coming down
gocatgo Champion Author South Carolina Posts:15,623 Points:2,525,580 Joined:Apr 2006	Message Posted: Aug 20, 2011 12:06:27 AM Ignore gocatgo Report Abuse Hopefully with the drop in oil prices the speculators will lose money!
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Aug 20, 2011 12:06:22 AM Ignore pastorpaulcg Report Abuse crack spread...that's just wrong on many different levels
tutaw Champion Author Kentucky Posts:3,575 Points:838,745 Joined:Sep 2008	Message Posted: Aug 20, 2011 12:03:41 AM Ignore tutaw Report Abuse greed and dumb public is keeping up gas prices
OGW Champion Author London Posts:5,324 Points:1,529,650 Joined:Sep 2005	Message Posted: Aug 20, 2011 12:03:39 AM Ignore OGW Report Abuse Speculators are killing the economy.
ricebike Champion Author New Jersey Posts:10,015 Points:1,852,695 Joined:Oct 2005	Message Posted: Aug 20, 2011 12:03:18 AM Ignore ricebike Report Abuse ha, crack spread = it's "legal stealing"
MidNJ Champion Author New Jersey Posts:7,532 Points:1,169,255 Joined:Sep 2009	Message Posted: Aug 20, 2011 12:01:16 AM Ignore MidNJ Report Abuse "What's Propping Up Gasoline Futures?" Good question!!! [Edited by: MidNJ at 8/20/2011 12:02:21 AM EST]
rippinusoff Champion Author Lexington Posts:7,388 Points:1,484,000 Joined:May 2007	Message Posted: Aug 20, 2011 12:01:10 AM Ignore rippinusoff Report Abuse we are being ripped off as usual
sosgas All-Star Author Portland Posts:882 Points:458,405 Joined:Feb 2009	Message Posted: Aug 20, 2011 12:00:54 AM Ignore sosgas Report Abuse Thanks.
memelissa Veteran Author Miami Posts:315 Points:62,125 Joined:May 2007	Message Posted: Aug 19, 2011 11:57:43 PM Ignore memelissa Report Abuse damn
bcok Champion Author Los Angeles Posts:2,102 Points:1,540,290 Joined:Oct 2005	Message Posted: Aug 19, 2011 11:57:40 PM Ignore bcok Report Abuse If this lower price range doesn't break a record then we have to try harder to get those prices down-way down.
AnObserver Champion Author New Jersey Posts:8,339 Points:2,254,755 Joined:Sep 2005	Message Posted: Aug 19, 2011 11:55:35 PM Ignore AnObserver Report Abuse Greed?
afghaned Champion Author Hamilton Posts:11,793 Points:1,282,135 Joined:May 2004	Message Posted: Aug 19, 2011 11:54:50 PM Ignore afghaned Report Abuse One side or the other will cause prices to stay high. Tax or profit, it doesn't matter either way we pay.
skybiker Champion Author South Carolina Posts:7,272 Points:1,555,415 Joined:Jul 2008	Message Posted: Aug 19, 2011 11:53:47 PM Ignore skybiker Report Abuse synthetic speculation!!...
DustyHorse Champion Author Virginia Posts:6,067 Points:1,387,845 Joined:Oct 2008	Message Posted: Aug 19, 2011 11:51:44 PM Ignore DustyHorse Report Abuse Hopefully the speculators will lose money.
Sody33 Champion Author Las Vegas Posts:15,946 Points:1,870,860 Joined:Oct 2005	Message Posted: Aug 19, 2011 11:46:21 PM Ignore Sody33 Report Abuse GREED. Good Grief, Charlie Brown doesn't everyone guess this by now??
ciimike Champion Author Nevada Posts:4,638 Points:1,061,310 Joined:Aug 2005	Message Posted: Aug 19, 2011 11:44:55 PM Ignore ciimike Report Abuse Investors like the cracks as well.
jimgraham Champion Author Akron Posts:10,348 Points:1,975,130 Joined:Oct 2007	Message Posted: Aug 19, 2011 11:44:01 PM Ignore jimgraham Report Abuse 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.
tomok Champion Author Portland Posts:32,915 Points:2,341,510 Joined:Aug 2006	Message Posted: Aug 19, 2011 11:43:43 PM Ignore tomok Report Abuse Whatever the mechanism for Gasoline Futures - The price of fuel at the pump is too high!
woodeye55 Champion Author Gary Posts:7,339 Points:1,852,755 Joined:Mar 2006	Message Posted: Aug 19, 2011 11:42:05 PM Ignore woodeye55 Report Abuse ...because they want it high.