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Nominal increases in crude oil reflect positive signs for consumers

GasBuddy Blog -- Geopolitical events yesterday included developments overseas and domestically which, combined, may bode well for U.S. consumers as WTI gained just 10 cents to close on the NYMEX at $102.93 per barrel. Brent closed down $2.53 per barrel to $118.68 and that narrowed the gap between the two to $15.31 per barrel, the narrowest differential since Feb. 28, according to Bloomberg.

Early in the day Brent crude and West Texas Intermediate both declined following the announcement that 10 hours of "constructive" negotiations in Istanbul between Iran's delegation and the U.N. Security Council's five permanent members yielded an agreement to meet for a second round of discussions on May 23 in Baghdad.

It should be noted that Israeli...

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Submitted Apr 17, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,624 Points:1,609,520 Joined:Nov 2008	Message Posted: Apr 20, 2012 3:54:39 AM Ignore honda0105 Report Abuse puin: we HAVE the capacity it's Pig Oil that holds back on the refining and refuses to upkeep maintenance, so lots of the plants get eventually shut down due to fires and other malfunctions.
puinsai808 Champion Author Honolulu Posts:3,544 Points:727,305 Joined:May 2011	Message Posted: Apr 19, 2012 8:30:18 AM Ignore puinsai808 Report Abuse Ultimately, we need more refining capacity instead of lower oil prices.
DandyDapple All-Star Author North Dakota Posts:715 Points:310,820 Joined:Sep 2008	Message Posted: Apr 18, 2012 10:18:44 PM Ignore DandyDapple Report Abuse I'll believe it when I see it ...
Ticobird Champion Author Huntsville Posts:3,231 Points:1,116,015 Joined:Oct 2009	Message Posted: Apr 18, 2012 5:40:24 PM Ignore Ticobird Report Abuse I guess this is good news.
GatorGuy Champion Author Columbia Posts:2,233 Points:1,207,470 Joined:Jan 2009	Message Posted: Apr 18, 2012 2:48:52 PM Ignore GatorGuy Report Abuse Holding my breath...
Gramps001 Champion Author North Carolina Posts:5,857 Points:1,365,390 Joined:Feb 2007	Message Posted: Apr 18, 2012 2:18:03 PM Ignore Gramps001 Report Abuse Deja Vu all over again!
ezone Champion Author Florida Posts:2,421 Points:947,110 Joined:Oct 2008	Message Posted: Apr 18, 2012 12:56:11 PM Ignore ezone Report Abuse Has to be considered good news, though I suspect only very short term. The supply-demand factors haven't really changed.
tomok Champion Author Portland Posts:33,017 Points:2,345,510 Joined:Aug 2006	Message Posted: Apr 18, 2012 12:28:29 PM Ignore tomok Report Abuse Nominal increases in crude oil reflect positive signs for consumers? Unless there are cheaper prices at the pump, it really does not mean anything. Cheaper fuel prices, better economy, more jobs, better economy, cheaper transportation costs, better economy, cheaper food prices and a better economy too. Big oil sells fuel and natural gas to the citizens of this country otherwise there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry has ‘spending gone wild’ addiction, pushing his 'green' agenda in renewable energy and vehicles. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible! The price of fuel at the pump is too high! 12/22/2012!
DeeLA Champion Author Los Angeles Posts:4,818 Points:1,365,330 Joined:Nov 2008	Message Posted: Apr 18, 2012 12:25:40 PM Ignore DeeLA Report Abuse What's happening GasBuddy? For a week we've been having the same articles posted for two or three days at a time. This one I commented on yesterday. Yesterday we had 3 articles which had been posted the day before, and one of them was being posted for the third time.
WilW Champion Author Atlanta Posts:12,223 Points:2,672,880 Joined:Aug 2004	Message Posted: Apr 18, 2012 12:20:15 PM Ignore WilW Report Abuse Show me a signal in my wallet.
Wes1972 All-Star Author California Posts:650 Points:319,360 Joined:Mar 2011	Message Posted: Apr 18, 2012 12:13:13 PM Ignore Wes1972 Report Abuse If the price goes down Obama helped do it. When prices go up its evil big oil,speculators and Bush. Iran may just be playing this game to boost prices and the dellegation is just keeping the issue in the news. Somebody has to stir the pot to make a few bucks.
dchiou Champion Author San Jose Posts:2,821 Points:792,990 Joined:Feb 2007	Message Posted: Apr 18, 2012 12:13:04 PM Ignore dchiou Report Abuse ok
W5IEM Veteran Author Lexington Posts:265 Points:358,720 Joined:Mar 2012	Message Posted: Apr 18, 2012 12:03:00 PM Ignore W5IEM Report Abuse Not that gasoline prices at the pump ever follow traditional supply and demand economics.
alchulito All-Star Author New York Posts:863 Points:504,705 Joined:Dec 2010	Message Posted: Apr 18, 2012 11:55:26 AM Ignore alchulito Report Abuse ok
marlita Champion Author Dayton Posts:3,312 Points:785,130 Joined:Mar 2010	Message Posted: Apr 18, 2012 11:50:53 AM Ignore marlita Report Abuse Sure guess we will have to wait and see.
TONYRON Rookie Author South Carolina Posts:94 Points:1,437,290 Joined:Sep 2005	Message Posted: Apr 18, 2012 11:50:22 AM Ignore TONYRON Report Abuse Yes!!!
mfeldstein Champion Author Ottawa Posts:8,171 Points:1,930,480 Joined:Feb 2007	Message Posted: Apr 18, 2012 11:50:03 AM Ignore mfeldstein Report Abuse Hope it's true, but who knows?
rick_evans Champion Author Boston Posts:3,725 Points:1,033,730 Joined:Aug 2005	Message Posted: Apr 18, 2012 11:48:38 AM Ignore rick_evans Report Abuse ok
DTroytNC Veteran Author Charlotte Posts:366 Points:62,510 Joined:Jan 2012	Message Posted: Apr 18, 2012 11:47:25 AM Ignore DTroytNC Report Abuse Keep those "constructive negotiations" going for another 12 months and let's see if we can get the price down.
goldrose1 Champion Author Cleveland Posts:10,941 Points:1,925,580 Joined:Feb 2005	Message Posted: Apr 18, 2012 11:45:02 AM Ignore goldrose1 Report Abuse keep dropping.
95Vette Champion Author Missouri Posts:2,525 Points:632,655 Joined:Sep 2005	Message Posted: Apr 18, 2012 11:40:23 AM Ignore 95Vette Report Abuse but we all want to see falling prices.. Wishful thinking!
GryphonX Champion Author Nevada Posts:6,100 Points:1,588,100 Joined:Nov 2007	Message Posted: Apr 18, 2012 11:38:54 AM Ignore GryphonX Report Abuse So, only a small price increase is GOOD news??? I suppose so, as it could have been a BIG increase ... How about a price DECREASE as inventories rise and they liquidate "winter" fuels for spring???
boldrph Champion Author Topeka Posts:18,376 Points:3,451,640 Joined:Oct 2002	Message Posted: Apr 18, 2012 11:37:06 AM Ignore boldrph Report Abuse more jobs and lower fuel prices? maybe the usa is ok!
sparky808 Champion Author Honolulu Posts:3,003 Points:598,710 Joined:Sep 2011	Message Posted: Apr 18, 2012 11:36:32 AM Ignore sparky808 Report Abuse Thank you for posting.
DirtDauber Champion Author San Antonio Posts:6,781 Points:1,627,460 Joined:Nov 2005	Message Posted: Apr 18, 2012 11:33:29 AM Ignore DirtDauber Report Abuse Pretty much the same article as before in the list.
FuelBarge Champion Author Long Island Posts:9,200 Points:2,076,290 Joined:Aug 2005	Message Posted: Apr 18, 2012 11:32:52 AM Ignore FuelBarge Report Abuse No change in gasoline prices.
NorthglennBill Champion Author Denver Posts:7,427 Points:1,472,920 Joined:Oct 2008	Message Posted: Apr 18, 2012 11:30:30 AM Ignore NorthglennBill Report Abuse Like we said yesterday, it isn't lower the price of gasoline.
marsbars Champion Author Alaska Posts:2,658 Points:1,179,820 Joined:Sep 2006	Message Posted: Apr 18, 2012 11:25:21 AM Ignore marsbars Report Abuse OK
ciimike Champion Author Nevada Posts:4,638 Points:1,062,060 Joined:Aug 2005	Message Posted: Apr 18, 2012 11:25:00 AM Ignore ciimike Report Abuse Peaceful negotiations are always beneficial. Hopefully, they can get some calm in this area.
MTPokts Champion Author Indianapolis Posts:2,280 Points:775,690 Joined:Jul 2008	Message Posted: Apr 18, 2012 11:22:52 AM Ignore MTPokts Report Abuse Iran has learned from Russia, North Korea, Iraq, Pakistan how to drag your feet and stand up to the UN/US.
Lologogo Champion Author Twin Cities Posts:1,309 Points:355,415 Joined:Sep 2011	Message Posted: Apr 18, 2012 11:19:14 AM Ignore Lologogo Report Abuse so prices should be going down, right? :O)
RochBear Champion Author Minnesota Posts:10,467 Points:1,741,940 Joined:May 2006	Message Posted: Apr 18, 2012 11:18:59 AM Ignore RochBear Report Abuse Only in Gov'ts would it take 10 hours to agree to hold more talks in the future.
CAD69 Champion Author Milwaukee Posts:3,206 Points:846,240 Joined:Nov 2010	Message Posted: Apr 18, 2012 11:18:44 AM Ignore CAD69 Report Abuse Still to high!
snell snail Champion Author Atlanta Posts:5,028 Points:2,598,300 Joined:Feb 2004	Message Posted: Apr 18, 2012 11:11:32 AM Ignore snell snail Report Abuse thank you gasbuddy........
HEBster Champion Author Kentucky Posts:8,788 Points:2,374,025 Joined:May 2006	Message Posted: Apr 18, 2012 11:10:16 AM Ignore HEBster Report Abuse Short term-summer's comin'
eaglev Champion Author Oklahoma City Posts:4,001 Points:937,155 Joined:Jul 2005	Message Posted: Apr 18, 2012 11:10:11 AM Ignore eaglev Report Abuse Price is still infated 40%
mageetp Champion Author British Columbia Posts:3,210 Points:626,710 Joined:Aug 2011	Message Posted: Apr 18, 2012 11:09:38 AM Ignore mageetp Report Abuse Old post.
Tekkie Champion Author Philadelphia Posts:4,333 Points:913,630 Joined:Oct 2003	Message Posted: Apr 18, 2012 11:07:51 AM Ignore Tekkie Report Abuse We will see.
cateyes8264 Champion Author Tennessee Posts:2,957 Points:642,615 Joined:Jul 2011	Message Posted: Apr 18, 2012 11:07:32 AM Ignore cateyes8264 Report Abuse YEAH YEAH proof is at the pump
Toppers Champion Author Atlanta Posts:9,012 Points:2,470,695 Joined:Mar 2005	Message Posted: Apr 18, 2012 11:04:44 AM Ignore Toppers Report Abuse We'll see-droppin' slightly in the ATL...
htd2007 Veteran Author Twin Cities Posts:476 Points:135,185 Joined:Apr 2011	Message Posted: Apr 18, 2012 11:04:43 AM Ignore htd2007 Report Abuse never cheap enough
NemoIL Champion Author Illinois Posts:3,025 Points:1,313,220 Joined:Aug 2008	Message Posted: Apr 18, 2012 11:03:54 AM Ignore NemoIL Report Abuse A slight bit of good news.
nehemiah Champion Author Portland Posts:4,761 Points:930,615 Joined:Jul 2007	Message Posted: Apr 18, 2012 11:03:48 AM Ignore nehemiah Report Abuse meaningless
ItisAJeepThing Champion Author Tucson Posts:19,755 Points:2,151,580 Joined:Oct 2006	Message Posted: Apr 18, 2012 11:03:22 AM Ignore ItisAJeepThing Report Abuse It is good that supplies of crude oil are becoming more balanced. We need a law that prohibits the shipment and sale of American refined fuel to other continents until our prices come down.
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: Apr 18, 2012 11:02:53 AM Ignore TerryLee Report Abuse i will wait until I see it at the pumps sounds like election year B.S.
rampower80 Champion Author Kentucky Posts:2,044 Points:461,915 Joined:Jan 2012	Message Posted: Apr 18, 2012 11:01:38 AM Ignore rampower80 Report Abuse hmmmmm!
mrsports007 Champion Author Raleigh Posts:9,545 Points:1,613,590 Joined:Jun 2008	Message Posted: Apr 18, 2012 11:00:29 AM Ignore mrsports007 Report Abuse whatever
carefrey Champion Author Orlando Posts:5,535 Points:1,159,485 Joined:Sep 2009	Message Posted: Apr 18, 2012 11:00:27 AM Ignore carefrey Report Abuse Whatever!
gem1224 Champion Author Tulsa Posts:1,541 Points:491,640 Joined:May 2011	Message Posted: Apr 18, 2012 10:59:55 AM Ignore gem1224 Report Abuse sure
grandamgt1 Champion Author Illinois Posts:2,346 Points:1,240,325 Joined:Apr 2008	Message Posted: Apr 18, 2012 10:58:54 AM Ignore grandamgt1 Report Abuse None of the Iran talks will be seen as "constructive" in the years to come.