Oil price drops below $113 a barrel

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Saturday, November 22, 2008 3:02:58 AM

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GasBuddy News Article

Oil price drops below $113 a barrel Tuesday, August 26, 2008
-- Oil prices slumped below US$113 a barrel Tuesday as gains by the U.S. dollar against other major currencies pulled investors away from commodities and outweighed concerns Hurricane Gustav may disrupt oil operations in the Gulf of Mexico. By midday in Europe, light, sweet crude for October delivery was down US$2.17 to US$112.94 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 52 cents overnight to settle at US$115.11 a barrel.
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JT Moderator	Message Posted: 8/26/2008 10:02:42 AM	Ignore JT Report Abuse
	Tuesday, August 26, 2008 -- Oil prices slumped below US$113 a barrel Tuesday as gains by the U.S. dollar against other major currencies pulled investors away from commodities and outweighed concerns Hurricane Gustav may disrupt oil operations in the Gulf of Mexico. By midday in Europe, light, sweet crude for October delivery was down US$2.17 to US$112.94 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 52 cents overnight to settle at US$115.11 a barrel. Visit for full article

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EcoVore Champion Author Los Angeles Posts:1,063 Points:112,780 Joined:Jun 2008	Message Posted: 9/3/2008 1:17:03 AM	Ignore EcoVore Report Abuse
	Yes! $110 yet remains to be seen if ga$ follows suit.
gas101CA All-Star Author California Posts:632 Points:74,855 Joined:Aug 2008	Message Posted: 9/2/2008 11:54:08 PM	Ignore gas101CA Report Abuse
	today they go lower to 110
magnumCA Champion Author Los Angeles Posts:1,347 Points:261,925 Joined:Jan 2008	Message Posted: 8/29/2008 4:36:35 PM	Ignore magnumCA Report Abuse
	Not here
Chris46 Champion Author Dayton Posts:6,150 Points:715,100 Joined:Sep 2005	Message Posted: 8/28/2008 8:45:10 PM	Ignore Chris46 Report Abuse
	Yep. Up $2/barrel
gas101CA All-Star Author California Posts:632 Points:74,855 Joined:Aug 2008	Message Posted: 8/28/2008 7:29:47 PM	Ignore gas101CA Report Abuse
	today the close 115 down 2.00
jb47 All-Star Author Shreveport Posts:512 Points:289,850 Joined:Aug 2007	Message Posted: 8/28/2008 10:59:15 AM	Ignore jb47 Report Abuse
	$113. on Tuesday, $118. on Wednesday and going up today. What's the excuse of the day for the rise, the Hurricane of the holiday weekend
Pede Champion Author New Jersey Posts:1,100 Points:147,605 Joined:Apr 2007	Message Posted: 8/28/2008 10:38:34 AM	Ignore Pede Report Abuse
	Today back up to 120
sailormon All-Star Author Michigan Posts:649 Points:206,080 Joined:Jul 2007	Message Posted: 8/28/2008 10:31:49 AM	Ignore sailormon Report Abuse
	Look at these three story titles: 1) Oil price drops below.... 2) Gasoline prices hold firm. 3) Gas prices rise for first time in three weeks. Same story, different day! How can anybody write anything when the prices change so fast and so often!!
dabuzman Champion Author Seattle Posts:1,182 Points:470,430 Joined:Apr 2006	Message Posted: 8/28/2008 10:14:22 AM	Ignore dabuzman Report Abuse
	Got to get all the stores right one says price is going up for the past three days. Then this one says is dropped how are we to believe. That why I don't believe only 1/10 of what tot write and say on the news.
Lizzylou Champion Author Stockton Posts:1,452 Points:884,770 Joined:Oct 2005	Message Posted: 8/28/2008 9:54:44 AM	Ignore Lizzylou Report Abuse
	$120 this morning according to the news report.
Don20 Champion Author Oklahoma City Posts:1,530 Points:1,014,745 Joined:Mar 2005	Message Posted: 8/28/2008 9:54:08 AM	Ignore Don20 Report Abuse
	The spot price of Oil dropped one dollar from yesterday. this should not be an excuse to raise price at pump..
gasman50 Champion Author Portland Posts:1,315 Points:820,665 Joined:Nov 2005	Message Posted: 8/28/2008 9:51:44 AM	Ignore gasman50 Report Abuse
	No news here
GetURWingz All-Star Author Missouri Posts:819 Points:383,590 Joined:Aug 2006	Message Posted: 8/28/2008 9:51:31 AM	Ignore GetURWingz Report Abuse
	Gas went up 15 cents a gallon from last night to this morning.
SeerLV All-Star Author Las Vegas Posts:537 Points:132,765 Joined:Jun 2008	Message Posted: 8/28/2008 9:47:14 AM	Ignore SeerLV Report Abuse
	Old news
Arktander All-Star Author Illinois Posts:603 Points:356,395 Joined:Aug 2005	Message Posted: 8/28/2008 9:46:30 AM	Ignore Arktander Report Abuse
	Waaaaaaaaaay old news.
USAFA82 Champion Author Colorado Springs Posts:1,532 Points:260,745 Joined:Feb 2008	Message Posted: 8/28/2008 9:45:22 AM	Ignore USAFA82 Report Abuse
	old news
Wolfwings All-Star Author Delaware Posts:843 Points:251,365 Joined:May 2004	Message Posted: 8/28/2008 9:34:27 AM	Ignore Wolfwings Report Abuse
	Last year price was %2.575, this year, at least 50 cents more. does anyone think taxes will be cut 20%, or that social security will be upped 20%? I wonder what EXXON does with their record profits.. I think I'll get an electric bicycle to cover most of my local travelling. That way I can travel for about 20 cents a day, instead of $4.00 to $6.00 in gas.
tobasco Champion Author Los Angeles Posts:3,117 Points:834,195 Joined:Mar 2004	Message Posted: 8/28/2008 9:34:01 AM	Ignore tobasco Report Abuse
	And now it is above $113.
Tommy4Wheel Champion Author Wilmington Posts:20,609 Points:1,485,675 Joined:Apr 2004	Message Posted: 8/28/2008 9:31:04 AM	Ignore Tommy4Wheel Report Abuse
	5
OilBGone All-Star Author New Jersey Posts:730 Points:122,020 Joined:Jul 2008	Message Posted: 8/28/2008 9:30:00 AM	Ignore OilBGone Report Abuse
	Tuesday? This is Thursday!
GolfTDI03 Champion Author Virginia Posts:1,506 Points:424,585 Joined:Jul 2005	Message Posted: 8/28/2008 9:28:58 AM	Ignore GolfTDI03 Report Abuse
	Touched `$120.50 earlier today but is now about unchanged as of 1025.
StephenOM All-Star Author Florida Posts:504 Points:96,965 Joined:Aug 2008	Message Posted: 8/28/2008 9:28:38 AM	Ignore StephenOM Report Abuse
	Old news, this morning its up to just under $120/BBL. Gustav threatening, a possible Hanna behind that and 2 more tropical waves working their way across the Atlantic. Keep up the pressure on Washington...Don't let your representatives get away with doing nothing. Drill Here, Drill Now!
StephenOM All-Star Author Florida Posts:504 Points:96,965 Joined:Aug 2008	Message Posted: 8/28/2008 9:28:11 AM	Ignore StephenOM Report Abuse
	Old news, this morning its up to just under $120/BBL. Gustav threatening, a possible H behind that and 2 more tropical waves working their way across the Atlantic. Keep up the pressure on Washington...Don't let your representatives get away with doing nothing. Drill Here, Drill Now!
GasholeMI Champion Author Lansing Posts:1,500 Points:115,490 Joined:Jul 2008	Message Posted: 8/28/2008 9:24:31 AM	Ignore GasholeMI Report Abuse
	Time to change articles.
STi_gasguzler Veteran Author Rochester Posts:332 Points:96,810 Joined:Apr 2005	Message Posted: 8/28/2008 9:19:22 AM	Ignore STi_gasguzler Report Abuse
	kiids I remember when oil was $100 a barrel. Grampa whats oil?
DFleming Veteran Author Alberta Posts:397 Points:82,695 Joined:May 2008	Message Posted: 8/28/2008 9:18:52 AM	Ignore DFleming Report Abuse
	It's up to $119 now
racerdj Champion Author Indianapolis Posts:1,633 Points:433,160 Joined:Jun 2003	Message Posted: 8/28/2008 9:17:29 AM	Ignore racerdj Report Abuse
	I wish it were true today, but it's not.
smokin2win07 Sophomore Author Tennessee Posts:220 Points:369,450 Joined:Mar 2007	Message Posted: 8/28/2008 9:17:08 AM	Ignore smokin2win07 Report Abuse
	Well, prices jumped .25 in one day. Somebody is making money. Is it the holiday or the weather?
bbreff Champion Author Atlanta Posts:2,080 Points:1,027,215 Joined:Jun 2005	Message Posted: 8/28/2008 9:16:41 AM	Ignore bbreff Report Abuse
	VERY OLD NEWS
lindact All-Star Author New Haven Posts:789 Points:172,645 Joined:May 2008	Message Posted: 8/28/2008 9:15:12 AM	Ignore lindact Report Abuse
	I thought crude was up on speculation of the storm in the Gulf of Mexico and the Labor Day weekend.
Bannack All-Star Author Florida Posts:750 Points:134,445 Joined:May 2008	Message Posted: 8/28/2008 9:15:08 AM	Ignore Bannack Report Abuse
	And will continue to drop... Labor Day is not here yet.
MajorSteve All-Star Author Oklahoma City Posts:505 Points:238,570 Joined:Sep 2006	Message Posted: 8/28/2008 9:14:12 AM	Ignore MajorSteve Report Abuse
	Prices are jumping up here. Who is afraid of a storm? The speculators!!!
ledoy Champion Author Dayton Posts:5,100 Points:1,034,425 Joined:Aug 2005	Message Posted: 8/28/2008 9:13:59 AM	Ignore ledoy Report Abuse
	do you think it will drop below 100 a barrel?
r651981 All-Star Author Columbus Posts:502 Points:424,975 Joined:May 2006	Message Posted: 8/28/2008 9:13:59 AM	Ignore r651981 Report Abuse
	This article is significantly out of date. Oil has risen for 2 days since the 26th.
djgunrunner Champion Author Salt Lake City Posts:1,551 Points:747,995 Joined:Apr 2005	Message Posted: 8/28/2008 9:12:00 AM	Ignore djgunrunner Report Abuse
	Where did the person get their information. Crude has gone up for the last two days.
grouch311 All-Star Author Illinois Posts:845 Points:187,470 Joined:Jun 2007	Message Posted: 8/28/2008 9:11:39 AM	Ignore grouch311 Report Abuse
	come on down
oncotime Champion Author Milwaukee Posts:9,295 Points:1,655,770 Joined:May 2003	Message Posted: 8/28/2008 9:09:55 AM	Ignore oncotime Report Abuse
	good
niceguytx Champion Author Houston Posts:5,701 Points:1,105,795 Joined:Sep 2005	Message Posted: 8/28/2008 9:09:08 AM	Ignore niceguytx Report Abuse
	This was the low for the week.
socalusra Champion Author California Posts:1,269 Points:1,713,535 Joined:Aug 2003	Message Posted: 8/28/2008 9:07:06 AM	Ignore socalusra Report Abuse
	hope it goes back down fast
laddyboy62 Champion Author Riverside Posts:1,586 Points:995,310 Joined:Mar 2005	Message Posted: 8/28/2008 9:06:14 AM	Ignore laddyboy62 Report Abuse
	120$ and climbing..thanks to gustav
MiJeff Champion Author Grand Rapids Posts:3,520 Points:855,325 Joined:May 2005	Message Posted: 8/28/2008 9:00:29 AM	Ignore MiJeff Report Abuse
	it's much higher now
phatride92 Champion Author Kansas Posts:3,755 Points:940,380 Joined:Oct 2005	Message Posted: 8/28/2008 8:58:35 AM	Ignore phatride92 Report Abuse
	BeaumontHubie, it did here (.24) but its also a holiday weekend!
crusader1975 All-Star Author Louisiana Posts:673 Points:149,370 Joined:Apr 2008	Message Posted: 8/28/2008 8:57:59 AM	Ignore crusader1975 Report Abuse
	old news
letmathe Champion Author Chicago Posts:6,978 Points:1,702,255 Joined:May 2001	Message Posted: 8/28/2008 8:57:08 AM	Ignore letmathe Report Abuse
	good
Kthyme Champion Author Fort Worth Posts:2,678 Points:877,365 Joined:Apr 2006	Message Posted: 8/28/2008 8:54:40 AM	Ignore Kthyme Report Abuse
	When did this guy write this last week??? Is he making up homework missed or something??? ;)
Lonewolftx Champion Author Houston Posts:5,719 Points:1,125,985 Joined:Sep 2005	Message Posted: 8/28/2008 8:53:54 AM	Ignore Lonewolftx Report Abuse
	Nice news day . . .
BeaumontHubie Rookie Author Texas Posts:11 Points:10,470 Joined:Aug 2008	Message Posted: 8/28/2008 8:50:35 AM	Ignore BeaumontHubie Report Abuse
	Big deal, it will go up as a result of the storm.
eaglev All-Star Author Oklahoma City Posts:983 Points:333,120 Joined:Jul 2005	Message Posted: 8/28/2008 8:48:31 AM	Ignore eaglev Report Abuse
	oil holding gas going up.
Blackice Champion Author Twin Cities Posts:1,800 Points:497,470 Joined:Oct 2003	Message Posted: 8/28/2008 8:46:07 AM	Ignore Blackice Report Abuse
	Two days later oil is above $119 a barrel. Hopefully Hurricane Gustav doesn't cause any real damage and oil prices drop as fast as they went up.
bar1035 Veteran Author North Carolina Posts:330 Points:119,655 Joined:Aug 2006	Message Posted: 8/28/2008 8:45:37 AM	Ignore bar1035 Report Abuse
	yep, a little out of date by now. time for an update