GasBuddy News Article

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Price of crude oil falling, gas prices may be next

WOKV -- The price of crude oil per barrel has fallen significantly. Last week it traded between $95 and $100 per barrel, and this Wednesday it traded close to $92 and still falling.

Gregg Laskoski, Senior Petroleum Analyst for GasBuddy.com, said September 11th of last week seems like a long time ago already.

“The U.S. economy right now is seeing a supply that exceeds demand….believe it or not,” Laskoski said.

He said it may reflect the weakness of the economy, but at the same time it could be evidence of a higher level of stability in the Middle East compared to what we saw last week during the attacks on U.S. embassies.

Laskoski also attributes the recent dip in crude oil prices on this week’s announcements from the Department of Energy:

-There’s been a massive increase in crude o

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Submitted Sep 21, 2012 By: bar1035

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honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Sep 29, 2012 5:00:45 AM Ignore honda0105 Report Abuse prices down to 359 (87) and 399 (diesel)... still too high.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Sep 27, 2012 6:05:13 PM Ignore honda0105 Report Abuse would be nice if prices WOULD fall more.. looks like GB shows them going up again here.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Sep 26, 2012 6:01:58 PM Ignore honda0105 Report Abuse I agree, exyou. Temporary drop.
exyouen Veteran Author Philadelphia Posts:309 Points:400,965 Joined:Jul 2011	Message Posted: Sep 22, 2012 5:35:55 PM Ignore exyouen Report Abuse dont worry, it'll go up again soon
sdslim Champion Author Florida Posts:1,883 Points:1,709,075 Joined:Feb 2007	Message Posted: Sep 22, 2012 5:15:52 AM Ignore sdslim Report Abuse Let's hope it is so.
07skydriver Champion Author Ohio Posts:3,250 Points:981,155 Joined:Feb 2009	Message Posted: Sep 22, 2012 5:11:50 AM Ignore 07skydriver Report Abuse Just stay home.
aservant Champion Author California Posts:14,195 Points:1,383,065 Joined:Nov 2008	Message Posted: Sep 22, 2012 4:32:58 AM Ignore aservant Report Abuse Hope gas falls
remay Champion Author Houston Posts:6,958 Points:2,115,665 Joined:May 2006	Message Posted: Sep 22, 2012 4:26:24 AM Ignore remay Report Abuse Maybe.... Have seen a SLIGHT drop around here...
BEGTWO Champion Author Maryland Posts:1,932 Points:722,340 Joined:Sep 2010	Message Posted: Sep 22, 2012 12:44:45 AM Ignore BEGTWO Report Abuse GOOD!!!
heydano67 Champion Author California Posts:1,657 Points:356,455 Joined:Feb 2012	Message Posted: Sep 21, 2012 7:16:10 PM Ignore heydano67 Report Abuse let's hope it translates soon
Tehbob Champion Author California Posts:2,286 Points:455,655 Joined:Jan 2012	Message Posted: Sep 21, 2012 7:11:00 PM Ignore Tehbob Report Abuse YEP!!
crreed1 Champion Author West Virginia Posts:1,980 Points:2,525,360 Joined:May 2005	Message Posted: Sep 21, 2012 6:30:35 PM Ignore crreed1 Report Abuse it dropped 4 cents here
rtw777 Champion Author Florida Posts:9,386 Points:1,840,045 Joined:Jan 2008	Message Posted: Sep 21, 2012 6:15:51 PM Ignore rtw777 Report Abuse All fuel prices should be $1.25 less.
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Sep 21, 2012 6:14:06 PM Ignore farn1958 Report Abuse Yeah Right!
jkpsr Champion Author New Jersey Posts:4,074 Points:1,100,930 Joined:Jun 2005	Message Posted: Sep 21, 2012 6:13:41 PM Ignore jkpsr Report Abuse Big Oil does not want prices to fall before thr election.
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,225 Joined:Jan 2010	Message Posted: Sep 21, 2012 6:12:30 PM Ignore rahcat Report Abuse If you believe that. I have some slightly moist land for sale in southern Georgia. (Okefenokee)
ican2step Champion Author Pittsburgh Posts:1,676 Points:426,425 Joined:Feb 2012	Message Posted: Sep 21, 2012 6:12:13 PM Ignore ican2step Report Abuse I'll believe it when I buy it.
bugc Champion Author Boston Posts:15,043 Points:3,003,165 Joined:Mar 2004	Message Posted: Sep 21, 2012 6:10:03 PM Ignore bugc Report Abuse Hope so
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:895,585 Joined:Aug 2010	Message Posted: Sep 21, 2012 6:09:49 PM Ignore heartbroken2010 Report Abuse not for long , of this i'm sure. winter is coming.
quasar502 Champion Author Lansing Posts:3,573 Points:800,150 Joined:Jan 2011	Message Posted: Sep 21, 2012 6:09:47 PM Ignore quasar502 Report Abuse They are.
Cashless Champion Author Akron Posts:3,510 Points:733,105 Joined:Apr 2011	Message Posted: Sep 21, 2012 6:09:09 PM Ignore Cashless Report Abuse Falling prices? Sounds good to me.
Rageagainsttm Champion Author Tampa Posts:8,293 Points:1,901,030 Joined:Jul 2007	Message Posted: Sep 21, 2012 6:09:03 PM Ignore Rageagainsttm Report Abuse maybe
Number43 Champion Author Lexington Posts:8,686 Points:1,636,220 Joined:Oct 2008	Message Posted: Sep 21, 2012 6:07:11 PM Ignore Number43 Report Abuse hope the speculators lose a bundle
wendy1john32 Champion Author Los Angeles Posts:1,757 Points:1,053,870 Joined:Jul 2009	Message Posted: Sep 21, 2012 6:06:59 PM Ignore wendy1john32 Report Abuse Pump prices shoot up but drift down.
Number43 Champion Author Lexington Posts:8,686 Points:1,636,220 Joined:Oct 2008	Message Posted: Sep 21, 2012 6:06:34 PM Ignore Number43 Report Abuse We have had a surplus now for several years.
sunny_dsm Sophomore Author San Jose Posts:185 Points:786,075 Joined:Nov 2010	Message Posted: Sep 21, 2012 6:06:00 PM Ignore sunny_dsm Report Abuse Let's see...
7SPEEDY7 Champion Author Flint Posts:1,281 Points:603,725 Joined:May 2011	Message Posted: Sep 21, 2012 6:05:55 PM Ignore 7SPEEDY7 Report Abuse Good News When We actually see it!
J4romeo All-Star Author Gary Posts:506 Points:1,214,925 Joined:Jan 2006	Message Posted: Sep 21, 2012 6:05:43 PM Ignore J4romeo Report Abuse Time will tell..:)
Number43 Champion Author Lexington Posts:8,686 Points:1,636,220 Joined:Oct 2008	Message Posted: Sep 21, 2012 6:05:24 PM Ignore Number43 Report Abuse good news if it happens
letterchunker Champion Author Texas Posts:2,240 Points:666,700 Joined:Aug 2008	Message Posted: Sep 21, 2012 6:04:31 PM Ignore letterchunker Report Abuse No doubt they should be
CivicMA Champion Author Boston Posts:1,887 Points:533,245 Joined:Jun 2011	Message Posted: Sep 21, 2012 6:04:17 PM Ignore CivicMA Report Abuse We need to see this, a LARGE drop and for it to "stick"!
yakstar Champion Author Montreal Posts:2,415 Points:478,670 Joined:Jan 2012	Message Posted: Sep 21, 2012 6:03:38 PM Ignore yakstar Report Abuse sweet b jesus!
jetskijerry Champion Author North Carolina Posts:3,891 Points:771,295 Joined:Mar 2011	Message Posted: Sep 21, 2012 6:03:00 PM Ignore jetskijerry Report Abuse crooks setting the price.
jetskijerry Champion Author North Carolina Posts:3,891 Points:771,295 Joined:Mar 2011	Message Posted: Sep 21, 2012 6:02:39 PM Ignore jetskijerry Report Abuse needs to drop lower
Marson Champion Author Scranton Posts:8,937 Points:2,076,210 Joined:Oct 2006	Message Posted: Sep 21, 2012 5:58:13 PM Ignore Marson Report Abuse It is down here 6 cents.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Sep 21, 2012 5:56:48 PM Ignore Jeeputtputt Report Abuse HUH
wilbur_gas Champion Author Los Angeles Posts:1,702 Points:645,610 Joined:Mar 2011	Message Posted: Sep 21, 2012 5:56:16 PM Ignore wilbur_gas Report Abuse O.K.
qwerty17 Champion Author New Jersey Posts:3,645 Points:1,115,950 Joined:Oct 2009	Message Posted: Sep 21, 2012 5:54:51 PM Ignore qwerty17 Report Abuse may be?
Cheney Champion Author Toronto Posts:2,022 Points:2,533,460 Joined:May 2004	Message Posted: Sep 21, 2012 5:50:01 PM Ignore Cheney Report Abuse it's a bit underpriced.
Is246 Champion Author Albuquerque Posts:1,013 Points:426,265 Joined:Apr 2011	Message Posted: Sep 21, 2012 5:45:53 PM Ignore Is246 Report Abuse Better come down, these prices are ridiculus.
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Sep 21, 2012 5:38:27 PM Ignore Lizzylou Report Abuse I hope so because every Friday gas prices seem to "jack up" in this city!!
CCLighthouse All-Star Author Hartford Posts:998 Points:212,055 Joined:Aug 2012	Message Posted: Sep 21, 2012 5:35:20 PM Ignore CCLighthouse Report Abuse I'm not holding mine. There is always going to be a reason for it to continue to go up.
ggordo Champion Author Long Island Posts:1,665 Points:352,730 Joined:Apr 2012	Message Posted: Sep 21, 2012 5:32:26 PM Ignore ggordo Report Abuse holding my breath
Beaveronparade Champion Author Hartford Posts:2,102 Points:634,115 Joined:Mar 2011	Message Posted: Sep 21, 2012 5:30:01 PM Ignore Beaveronparade Report Abuse I'm not holding my breath on the gas prices coming down.
DEG Champion Author Las Vegas Posts:17,615 Points:3,493,730 Joined:Jul 2003	Message Posted: Sep 21, 2012 5:29:50 PM Ignore DEG Report Abuse Maybe; however, I am sure Big Oil and Big Government will do something to keep prices high and moving higher.
pagenutt Sophomore Author Ohio Posts:152 Points:328,405 Joined:Nov 2002	Message Posted: Sep 21, 2012 5:26:01 PM Ignore pagenutt Report Abuse I'll believe it when I see it............ Actions speak louder than works!
CarefreeVT Champion Author Burlington Posts:1,801 Points:257,080 Joined:Aug 2012	Message Posted: Sep 21, 2012 5:25:49 PM Ignore CarefreeVT Report Abuse Lmfao! To quote Super Troopers, "I'll believe that when me sh*it turns purple & smells like rainbow sherbet!"
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Sep 21, 2012 5:25:13 PM Ignore mstearno Report Abuse should but won't
bonzoonfmb Champion Author Florida Posts:1,777 Points:642,860 Joined:Feb 2010	Message Posted: Sep 21, 2012 5:23:46 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
TFowler513 Champion Author Memphis Posts:3,824 Points:1,412,235 Joined:Mar 2008	Message Posted: Sep 21, 2012 5:18:58 PM Ignore TFowler513 Report Abuse I'll believe it when I see it!!!