Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:54 AM

GasBuddy News Article

46
votes
Brent Down $1 as Hurricane Avoids Oil Platforms

Reuters -- North Sea Brent crude oil fell more than $1 per barrel on Wednesday as Hurricane Isaac, which hit land in Louisiana, left U.S. Gulf Coast oil production facilities without significant damage.

Worries about supply disruptions resulting from the hurricane pushed Brent to a high of $115.50 per barrel on Monday, while Nymex futures hit a peak of $97.72.

Brent crude oil futures for October [LCOCV1 112.03 -0.55 (-0.49%) ] were down 90 cents per barrel at $111.68 after hitting an intra-day low of $111.50.

U.S. light crude oil [CLCV1 95.56 -0.77 (-0.8%) ] was down 80 cents at $95.53.



Read the Full Article

Submitted Aug 29, 2012 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Brent Down $1 as Hurricane Avoids Oil Platforms Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,473
Points:1,946,515
Joined:Nov 2008
Message Posted: Sep 2, 2012 7:44:53 AM

crude may have dropped, but pump prices ain't following so much.
Profile Pic
sparky808
Champion Author Honolulu

Posts:4,592
Points:918,620
Joined:Sep 2011
Message Posted: Aug 30, 2012 1:20:21 PM

Thank you for posting.
Profile Pic
blupupher
Champion Author Houston

Posts:5,260
Points:1,083,460
Joined:Feb 2011
Message Posted: Aug 30, 2012 8:54:00 AM

but fuel prices willrise
Profile Pic
bvrbill
Champion Author Eugene

Posts:5,839
Points:853,500
Joined:Jul 2011
Message Posted: Aug 30, 2012 12:16:02 AM

They will find a way to keep prices from falling at the pump.
Profile Pic
big_mac64
Champion Author Tennessee

Posts:10,746
Points:1,540,275
Joined:May 2005
Message Posted: Aug 29, 2012 11:41:57 PM

mumbo-jumbo...show me with lower prices!
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:12,738
Points:2,105,865
Joined:Apr 2008
Message Posted: Aug 29, 2012 11:41:56 PM

Brent sment.

Go with WTI!
Profile Pic
EVBuddy
Champion Author Nevada

Posts:18,355
Points:3,362,905
Joined:Sep 2004
Message Posted: Aug 29, 2012 11:40:01 PM

Yes but labor Day Is Comming
Profile Pic
fenster66
Champion Author Pittsburgh

Posts:5,038
Points:1,010,740
Joined:May 2011
Message Posted: Aug 29, 2012 11:35:21 PM

lets see prices go down at the pump....
Profile Pic
mstearno
Champion Author Dayton

Posts:9,292
Points:2,035,460
Joined:Jan 2008
Message Posted: Aug 29, 2012 11:35:15 PM

lucky us
Profile Pic
monarch57
Champion Author British Columbia

Posts:2,049
Points:177,630
Joined:Nov 2008
Message Posted: Aug 29, 2012 11:33:28 PM

That's great news. Keeop going down to $60.
Profile Pic
southrob
Champion Author Tucson

Posts:5,267
Points:1,016,725
Joined:Mar 2011
Message Posted: Aug 29, 2012 11:31:14 PM

everything makes it go up. dhan to make it go down
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:10,480
Points:2,179,005
Joined:Aug 2005
Message Posted: Aug 29, 2012 11:28:59 PM

OK
Profile Pic
suicyco16
All-Star Author Phoenix

Posts:635
Points:565,855
Joined:Jun 2012
Message Posted: Aug 29, 2012 11:22:46 PM

how nice
Profile Pic
Blue48
Champion Author Illinois

Posts:8,986
Points:1,974,145
Joined:Feb 2007
Message Posted: Aug 29, 2012 11:21:56 PM

UP..DOWN..UP..DOWN!
Profile Pic
mgune9
All-Star Author Dallas

Posts:914
Points:200,395
Joined:Feb 2012
Message Posted: Aug 29, 2012 11:18:35 PM

pump prices won't fall
Profile Pic
camaro_man
Champion Author Kitchener-Waterloo

Posts:3,918
Points:946,160
Joined:Jun 2010
Message Posted: Aug 29, 2012 11:18:09 PM

wow
Profile Pic
CobraJ
Champion Author Tampa

Posts:1,178
Points:422,410
Joined:Mar 2011
Message Posted: Aug 29, 2012 11:16:04 PM

Ooh! A big $1 Eh! Yeah. Tomorrow, speculators will shoot it up $10 upon news that a tanker spills few thousand gallons of oil.
Profile Pic
MacDad614
Champion Author Atlanta

Posts:4,116
Points:1,454,845
Joined:Aug 2008
Message Posted: Aug 29, 2012 11:15:41 PM

So oil prices decreased and gasoline prices in Atlanta spiked from $3.69 to $3.94 - GREEDY Esso-Bees.

Big oil is like Pfizer, jacking their prices because they were losing money.
Profile Pic
serrog
Champion Author Nova Scotia

Posts:7,251
Points:1,847,785
Joined:Oct 2008
Message Posted: Aug 29, 2012 11:14:39 PM

good news
Profile Pic
aggietim
Champion Author Fort Worth

Posts:2,237
Points:952,230
Joined:Oct 2008
Message Posted: Aug 29, 2012 11:09:40 PM

ok
Profile Pic
justmedc
Veteran Author Michigan

Posts:382
Points:240,070
Joined:Mar 2012
Message Posted: Aug 29, 2012 11:07:09 PM

what is really dumb about all this is gas in MI went up over 30 cents (they are blaming the Issac. yet my friend near Pensecola said gas only went up there about 5 cents. does not make any sense!!! but then i guess i wasn't really expecting it to.
Profile Pic
jodybull
All-Star Author El Paso

Posts:767
Points:140,880
Joined:May 2012
Message Posted: Aug 29, 2012 11:01:37 PM

So? No surprise to me.
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:3,527
Points:1,030,100
Joined:May 2010
Message Posted: Aug 29, 2012 10:59:43 PM

You hit the nail right on the head, splitrman!
Profile Pic
suzmar
Champion Author Texas

Posts:3,167
Points:1,184,365
Joined:Jun 2006
Message Posted: Aug 29, 2012 10:52:36 PM

The rise was all speculation that something might go wrong.
Profile Pic
inspiretl
Veteran Author New Jersey

Posts:417
Points:167,530
Joined:May 2012
Message Posted: Aug 29, 2012 10:51:17 PM

gas prices went up again today.
Profile Pic
bobdec
Champion Author Miami

Posts:10,496
Points:2,082,745
Joined:May 2008
Message Posted: Aug 29, 2012 10:50:38 PM

Prices still rising here also
Profile Pic
paulydel
Champion Author Delaware

Posts:10,342
Points:1,013,170
Joined:Jan 2008
Message Posted: Aug 29, 2012 10:50:31 PM

Gas should be a dollar or less a gallon.
Profile Pic
hauler43
Champion Author Oakland

Posts:8,158
Points:2,597,750
Joined:Sep 2003
Message Posted: Aug 29, 2012 10:47:10 PM

Gas prices are up a few pennies here
Profile Pic
brammage8
Rookie Author Illinois

Posts:94
Points:54,705
Joined:Jun 2012
Message Posted: Aug 29, 2012 10:45:25 PM

indeed
Profile Pic
carman11
Champion Author North Carolina

Posts:5,050
Points:1,027,150
Joined:Jun 2011
Message Posted: Aug 29, 2012 10:45:24 PM

OK
Profile Pic
Romey08
Champion Author Virginia

Posts:6,452
Points:1,465,405
Joined:Apr 2008
Message Posted: Aug 29, 2012 10:45:06 PM

waiting for gas prices to drop
Profile Pic
Point__man
Champion Author Raleigh

Posts:5,780
Points:1,160,090
Joined:Oct 2010
Message Posted: Aug 29, 2012 10:43:31 PM

$1 down today means how many $$$$ up tomorrow ;)
Profile Pic
CAroadrunner101
Champion Author California

Posts:3,397
Points:1,624,150
Joined:Mar 2009
Message Posted: Aug 29, 2012 10:41:08 PM

gas will still go up...
Profile Pic
mrbee
Champion Author Little Rock

Posts:5,440
Points:2,800,975
Joined:Oct 2005
Message Posted: Aug 29, 2012 10:40:48 PM

But the price jumped about 27c here this week.
Profile Pic
kcboy
Champion Author Utah

Posts:5,321
Points:1,785,990
Joined:Jun 2005
Message Posted: Aug 29, 2012 10:40:02 PM

Good
Profile Pic
grammamNV
Champion Author Nevada

Posts:2,335
Points:372,425
Joined:Mar 2011
Message Posted: Aug 29, 2012 10:40:01 PM

so, will gas prices go down? or up?
Profile Pic
BCweatherman
Champion Author British Columbia

Posts:1,343
Points:1,531,875
Joined:May 2009
Message Posted: Aug 29, 2012 10:39:18 PM

good
Profile Pic
abcdMA
Champion Author Worcester

Posts:9,565
Points:1,903,540
Joined:Nov 2008
Message Posted: Aug 29, 2012 10:39:03 PM

this issue is far from finished yet due to the flooding
Profile Pic
justmedc
Veteran Author Michigan

Posts:382
Points:240,070
Joined:Mar 2012
Message Posted: Aug 29, 2012 10:37:02 PM

and yet gas has not gone down here, and some stations even went up again today, yippee!!!!!!!!!!!
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,113
Points:623,165
Joined:Apr 2011
Message Posted: Aug 29, 2012 10:31:38 PM

Paying the profiteers!!!
Profile Pic
dad2two
Champion Author Dallas

Posts:5,113
Points:1,038,440
Joined:May 2010
Message Posted: Aug 29, 2012 10:30:58 PM

Crude should not have gone up on fears something might happen.
Profile Pic
dacofa
Champion Author Nevada

Posts:5,551
Points:1,223,430
Joined:Jan 2010
Message Posted: Aug 29, 2012 10:25:36 PM

For a few days at least.
Profile Pic
TDIdave
Champion Author California

Posts:5,808
Points:1,531,535
Joined:May 2006
Message Posted: Aug 29, 2012 10:24:06 PM

Good.
Profile Pic
Johnnyrebell12
Champion Author Massachusetts

Posts:1,454
Points:1,584,470
Joined:Aug 2005
Message Posted: Aug 29, 2012 10:23:37 PM

So Brent went down a dollar, so what? The big guys aren't going to loose any sleep over it and the consumer isn't going to save anything at the pumps, so what do I care about Brent going down a dollar
Profile Pic
BMWer
Champion Author Calgary

Posts:3,419
Points:1,986,465
Joined:Dec 2003
Message Posted: Aug 29, 2012 10:23:13 PM

OK..but is the pump price also going to go down?
Profile Pic
netman044
Champion Author Texas

Posts:6,863
Points:1,503,050
Joined:Sep 2005
Message Posted: Aug 29, 2012 10:19:34 PM

It not only could it should go down more. Instead of waiting to see if the hurricane was going to hit Gulf production, prices started going up on the possibility that it would.
Profile Pic
bginsj
Champion Author San Jose

Posts:2,518
Points:1,523,935
Joined:May 2009
Message Posted: Aug 29, 2012 10:15:52 PM

it could go down even more!!
Profile Pic
MINIWINI598
Champion Author Washington

Posts:4,853
Points:855,350
Joined:Dec 2011
Message Posted: Aug 29, 2012 10:15:46 PM

ok
Profile Pic
afghaned
Champion Author Ottawa

Posts:14,080
Points:1,622,285
Joined:May 2004
Message Posted: Aug 29, 2012 10:15:24 PM

Great!!!
Profile Pic
goodbuy
Champion Author Michigan

Posts:9,258
Points:1,748,590
Joined:May 2005
Message Posted: Aug 29, 2012 10:13:39 PM

So then we should see gas drop tomorrow
Post a reply Back to Topics