Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:35 AM

GasBuddy News Article

42
votes
Oil down slightly after storm forecast downgrade

The Associated Press -- PAMELA SAMPSON
Published: August 27th, 2012 09:13 PM
Last Modified: August 27th, 2012 09:30 PM

BANGKOK (AP) - Oil prices remained stable Tuesday as the threat to production in the Gulf of Mexico from Tropical Storm Isaac appeared to lessen.

Forecasts for Isaac have been toned down, easing concerns that the storm could damage key oil and gas operations along the U.S. Gulf Coast.

Weather forecasters now say the storm will grow to a Category 1 hurricane instead of a stronger Category 2.

Although the storm isn't expected to damage refineries, refinery owners often shut down operations in advance of a storm. The refineries will likely stay off line for about three days.

Benchmark oil for October delivery was down 5 cents in midday Bangkok time to $95.42 per barrel in electronic trading


Read the Full Article

Submitted Aug 28, 2012 By: Nitewolf
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil down slightly after storm forecast downgrade Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
markiesm
Rookie Author Fort Worth

Posts:82
Points:698,905
Joined:Nov 2008
Message Posted: Aug 29, 2012 11:45:37 PM

What's new.. I go to the bathroom and that makes prices jump. BS!
Profile Pic
bindox
Sophomore Author Chico

Posts:132
Points:42,265
Joined:May 2012
Message Posted: Aug 29, 2012 1:57:19 PM

Oil down, gas up. Nothing new.
Profile Pic
5kvdave
All-Star Author Los Angeles

Posts:688
Points:350,000
Joined:May 2011
Message Posted: Aug 29, 2012 12:57:15 AM

YA WHATEVER !!!!!
Profile Pic
outlaw329
Champion Author Austin

Posts:9,651
Points:1,813,530
Joined:Aug 2008
Message Posted: Aug 29, 2012 12:20:49 AM

Weather forcasters have to build drama into these things and we have to pay for their lack of knowledge!
Profile Pic
J4romeo
All-Star Author Gary

Posts:510
Points:1,235,530
Joined:Jan 2006
Message Posted: Aug 28, 2012 11:51:25 PM

it was never going to be stronger then Cat 1...just a sad way to raise the price as the price for gas was down but still caused it to go up here .30cents...:(
Profile Pic
JimVP
All-Star Author Chicago

Posts:768
Points:290,285
Joined:Sep 2011
Message Posted: Aug 28, 2012 11:21:29 PM

Station where gas was purchased last weekend is still 14 cents more per gallon today.
Profile Pic
rollercoaster
All-Star Author Hartford

Posts:502
Points:572,185
Joined:Jul 2008
Message Posted: Aug 28, 2012 11:17:50 PM

ok
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:940,940
Joined:Mar 2006
Message Posted: Aug 28, 2012 11:16:32 PM

Just went up yesterday .10 to 3.96
Profile Pic
dwh724
Champion Author Pittsburgh

Posts:3,864
Points:1,143,975
Joined:Apr 2011
Message Posted: Aug 28, 2012 11:15:52 PM

okay
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:940,940
Joined:Mar 2006
Message Posted: Aug 28, 2012 11:15:34 PM

Gee, do we get a refund for the high prices they hit us with while expecting the storm
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:4,092
Points:897,215
Joined:Mar 2012
Message Posted: Aug 28, 2012 11:10:44 PM

Chevron went down a little :).
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,035
Points:1,170,975
Joined:Jan 2010
Message Posted: Aug 28, 2012 11:10:24 PM

Really????????? Prices up to $4.09-$4.19 here.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:4,757
Points:1,035,215
Joined:Nov 2011
Message Posted: Aug 28, 2012 11:08:51 PM

Speculation breeds despair.
Profile Pic
12766
Champion Author New York

Posts:4,708
Points:1,971,390
Joined:Oct 2008
Message Posted: Aug 28, 2012 11:08:47 PM

OK
Profile Pic
Colts13
Champion Author Indiana

Posts:3,915
Points:1,014,485
Joined:Mar 2011
Message Posted: Aug 28, 2012 11:07:42 PM

Ok.
Profile Pic
Toppers
Champion Author Atlanta

Posts:11,290
Points:2,974,950
Joined:Mar 2005
Message Posted: Aug 28, 2012 11:06:54 PM

Like
Profile Pic
gd83goldwinger
Champion Author South Bend

Posts:2,584
Points:794,580
Joined:May 2011
Message Posted: Aug 28, 2012 11:06:41 PM

ok
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:6,660
Points:1,404,535
Joined:Aug 2010
Message Posted: Aug 28, 2012 11:06:22 PM

Really ? funny cus the price just went up to $1.30.1 CDN per litre up here @ exactly midnight.
Profile Pic
stratlinetime
Champion Author Kalamazoo

Posts:4,614
Points:1,071,245
Joined:Feb 2011
Message Posted: Aug 28, 2012 11:05:32 PM

Ok
Profile Pic
bpj13
Champion Author North Carolina

Posts:5,246
Points:1,362,460
Joined:Oct 2009
Message Posted: Aug 28, 2012 11:05:16 PM

Not here.
Profile Pic
batman2010
Champion Author Toronto

Posts:3,962
Points:1,503,570
Joined:Jan 2010
Message Posted: Aug 28, 2012 11:04:57 PM

imagine that
Profile Pic
ricebike
Champion Author New Jersey

Posts:12,052
Points:2,279,535
Joined:Oct 2005
Message Posted: Aug 28, 2012 11:04:45 PM

and yet gas prices are still rising...
Profile Pic
regout
Champion Author Quebec

Posts:5,255
Points:1,337,105
Joined:May 2010
Message Posted: Aug 28, 2012 11:03:56 PM

Is that true?
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:5,407
Points:1,177,620
Joined:Jun 2011
Message Posted: Aug 28, 2012 11:03:20 PM

.
Profile Pic
Geo4564
Champion Author Nevada

Posts:11,300
Points:2,079,870
Joined:Aug 2007
Message Posted: Aug 28, 2012 11:02:43 PM

Go figure??
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:5,407
Points:1,177,620
Joined:Jun 2011
Message Posted: Aug 28, 2012 11:02:40 PM

.
Profile Pic
robaloma
Champion Author Houston

Posts:3,831
Points:1,138,405
Joined:Feb 2011
Message Posted: Aug 28, 2012 11:02:01 PM

great
Profile Pic
maczeeone
Rookie Author Atlanta

Posts:19
Points:57,295
Joined:Sep 2008
Message Posted: Aug 28, 2012 10:59:54 PM

oil down... gasoline up... AGAIN!!!
Profile Pic
big_mac64
Champion Author Tennessee

Posts:11,016
Points:1,607,000
Joined:May 2005
Message Posted: Aug 28, 2012 10:59:13 PM

Yes...maybe was stable Tues...so what caused the 14 cent avg increase here today????
Profile Pic
camel1
Champion Author Minnesota

Posts:10,555
Points:2,763,090
Joined:Jul 2006
Message Posted: Aug 28, 2012 10:57:58 PM

It needs to drop back to May price ranges
Profile Pic
SHEP20715
Champion Author Maryland

Posts:10,843
Points:2,222,895
Joined:Nov 2007
Message Posted: Aug 28, 2012 10:57:11 PM

ok
Profile Pic
Jeeputtputt
Champion Author Ohio

Posts:3,022
Points:689,965
Joined:Aug 2009
Message Posted: Aug 28, 2012 10:56:03 PM

WRONG...
Profile Pic
vibdata
Champion Author Massachusetts

Posts:5,065
Points:1,049,255
Joined:Nov 2005
Message Posted: Aug 28, 2012 10:54:47 PM

This story is from Bangkok. I guess they want to rip you off too. Speculators worldwide want your money. And will do anything to get it.
Profile Pic
Bonito
Champion Author Dayton

Posts:18,128
Points:3,453,815
Joined:Jun 2004
Message Posted: Aug 28, 2012 10:52:04 PM

It is just all BULL! The Rich are fixing the prices for their gain of huge profits.
Profile Pic
DriverofRed
Champion Author Calgary

Posts:4,231
Points:822,405
Joined:Dec 2011
Message Posted: Aug 28, 2012 10:49:54 PM

k
Profile Pic
FunMyster
All-Star Author Indiana

Posts:912
Points:74,315
Joined:Jul 2011
Message Posted: Aug 28, 2012 10:49:25 PM

The speculators for gas and oil will still make the extra money.
Profile Pic
bvrbill
Champion Author Eugene

Posts:6,795
Points:1,025,875
Joined:Jul 2011
Message Posted: Aug 28, 2012 10:49:15 PM

Don't expect fuel prices to drop. If not Isaac, then they will make up another reason to keep increasing prices.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,433
Points:2,152,110
Joined:Jan 2008
Message Posted: Aug 28, 2012 10:46:29 PM

not enough
Profile Pic
DCbeachbum
Champion Author South Carolina

Posts:3,448
Points:1,332,885
Joined:May 2010
Message Posted: Aug 28, 2012 10:45:46 PM

This news came from a reporter in Bangkok? I think some one from some were from....oh... say....... THE UNITED STATES, would be a little better informed wouldn't you?
Profile Pic
BMWer
Champion Author Calgary

Posts:4,021
Points:2,155,605
Joined:Dec 2003
Message Posted: Aug 28, 2012 10:44:39 PM

That's right...jack it up a bundle on speculation of how strong the storm will be...then drop it back a little when the storm gets downgraded...
Profile Pic
beachmanglen
Champion Author Tampa

Posts:1,752
Points:871,855
Joined:Aug 2011
Message Posted: Aug 28, 2012 10:42:22 PM

Down today, up tomorrow.
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,576
Points:2,277,520
Joined:Apr 2008
Message Posted: Aug 28, 2012 10:41:27 PM

The legal robbery at the pump continues.
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,099
Points:2,972,755
Joined:Oct 2005
Message Posted: Aug 28, 2012 10:41:22 PM

Jumped up before the storm hit.
Profile Pic
firefly09
Champion Author San Diego

Posts:4,040
Points:1,050,230
Joined:Mar 2009
Message Posted: Aug 28, 2012 10:39:49 PM

Here we go again.
Profile Pic
bra0712
Champion Author Arizona

Posts:5,386
Points:1,247,075
Joined:Nov 2008
Message Posted: Aug 28, 2012 10:37:34 PM

Gas is still going up
Profile Pic
g747
Champion Author Mobile

Posts:6,732
Points:1,406,060
Joined:Jul 2009
Message Posted: Aug 28, 2012 10:34:03 PM

Yikes!!!!!!!!.
Profile Pic
skb69sa
Champion Author San Antonio

Posts:5,579
Points:1,173,400
Joined:Mar 2011
Message Posted: Aug 28, 2012 10:33:30 PM

From BANGKOK?
Profile Pic
petrpuck
All-Star Author Hamilton

Posts:672
Points:632,420
Joined:Nov 2011
Message Posted: Aug 28, 2012 10:31:17 PM

whew
Profile Pic
charladan
Champion Author Virginia

Posts:1,062
Points:778,480
Joined:Jun 2011
Message Posted: Aug 28, 2012 10:29:19 PM

good thing
Profile Pic
dchiou
Champion Author San Jose

Posts:4,410
Points:1,251,335
Joined:Feb 2007
Message Posted: Aug 28, 2012 10:28:54 PM

not going to hold my breathe
Post a reply Back to Topics