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Oil rises to highest price since May 11

The Associated Press -- Published: August 17th, 2012 12:08 PM
Last Modified: August 17th, 2012 12:15 PM

The price of oil ended at its highest point in three months Friday, with four straight days of gains, on signs U.S. consumers are gaining confidence in the economy.

On the New York Mercantile Exchange:

Benchmark crude rose 41 cents in New York to end at $96.01 per barrel.

Heating oil fell 3 cents to finish at $3.09 per gallon.

Wholesale gasoline fell 6 cents to end at $3.03 per gallon.

Natural gas fell 5 cents to finish at $2.72 per 1,000 cubic feet.

On the ICE Futures exchange in London:
Brent crude fell $1.56 to end at $113.71 a barrel.

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Submitted Aug 18, 2012 By: Nitewolf

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honda0105 Champion Author Tallahassee Posts:18,811 Points:1,635,270 Joined:Nov 2008	Message Posted: Aug 21, 2012 3:06:16 AM Ignore honda0105 Report Abuse specutraitors fueling Pig Banks' and Pig Oil's greed.
jrs4125 Champion Author Indiana Posts:2,888 Points:617,495 Joined:Sep 2011	Message Posted: Aug 19, 2012 3:47:49 PM Ignore jrs4125 Report Abuse Just the beginning.
puinsai808 Champion Author Honolulu Posts:3,692 Points:753,055 Joined:May 2011	Message Posted: Aug 19, 2012 9:49:46 AM Ignore puinsai808 Report Abuse ...and gasoline prices are following right behind.
07skydriver Champion Author Ohio Posts:3,369 Points:1,008,330 Joined:Feb 2009	Message Posted: Aug 19, 2012 5:10:11 AM Ignore 07skydriver Report Abuse Just stay home.
eomc17 Champion Author Tucson Posts:1,840 Points:135,330 Joined:Mar 2007	Message Posted: Aug 19, 2012 4:42:37 AM Ignore eomc17 Report Abuse OIL AND GAS PRICES HAVE BEEN HYPERINFLATED FOR THE PAST NINE YEARS. LAST YEAR WE HAD A ALL-TIME HIGH RECORD AVERAGE GAS PRICE AND WE ARE HEADING THERE AGAIN. LAST MONTH WE HAD A 47 MONTH LOW OF GAS CONSUMPTION, AND THIS IS SUPPOSED TO BE THE "DRIVING SEASON". IT SEEMS THAT NO MATTER HOW MUCH WE CONSERVE, THE PRICE OF GASOLINE KEEPS GOING UP WHILE OIL IS NOWHERE NEAR ITS RECORD HIGH OF 147$ A BARREL. THIS IS MAJOR BILLSHUT, WASHINGTON. PEOPLE, IT'S TIME TO VOTE CORRUPT POLITICIANS OUT OF OFFICE. BUT DON'T STOP HERE. GO OUT AND PROTEST THE WRONGDOINGS OR IGNORANCE OF OUR GOVERNMENT, WHICH IS SUPPOSED TO BE DEMOCRATIC...AND "FOR THE PEOPLE", YET THEY RAM OBAMACARE AND ETHANOL DOWN OUR THROATS WITHOUT ASKING US IF WE EVER WANTED THIS CRAP.
bonzoonfmb Champion Author Florida Posts:1,817 Points:663,410 Joined:Feb 2010	Message Posted: Aug 18, 2012 11:25:01 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
dongo50 Champion Author West Virginia Posts:14,866 Points:2,405,795 Joined:Jul 2006	Message Posted: Aug 18, 2012 9:16:13 PM Ignore dongo50 Report Abuse who cares? maybe investors?
Jeffro61 Champion Author Cleveland Posts:2,398 Points:2,308,995 Joined:Oct 2005	Message Posted: Aug 18, 2012 9:08:17 PM Ignore Jeffro61 Report Abuse Need to go down down down.
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Aug 18, 2012 9:07:10 PM Ignore farn1958 Report Abuse more BS.
NorthglennBill Champion Author Denver Posts:7,552 Points:1,497,695 Joined:Oct 2008	Message Posted: Aug 18, 2012 9:06:19 PM Ignore NorthglennBill Report Abuse Up and down, up and down.
Quick68 Champion Author Columbus Posts:8,443 Points:1,252,525 Joined:Dec 2009	Message Posted: Aug 18, 2012 9:06:07 PM Ignore Quick68 Report Abuse The last article just said that the prices were dropping. What's up outside of the price of gas?
SteelPenny Champion Author Dallas Posts:31,272 Points:2,632,490 Joined:Sep 2005	Message Posted: Aug 18, 2012 9:05:42 PM Ignore SteelPenny Report Abuse The prices will keep on going UP.
yakstar Champion Author Montreal Posts:2,545 Points:505,275 Joined:Jan 2012	Message Posted: Aug 18, 2012 9:02:46 PM Ignore yakstar Report Abuse hopefully, gas will be 49 cents/gallon by November!
Cashless Champion Author Akron Posts:3,650 Points:760,055 Joined:Apr 2011	Message Posted: Aug 18, 2012 9:02:09 PM Ignore Cashless Report Abuse Way to go, jerks.
ratboy1968 Champion Author Montreal Posts:2,747 Points:574,775 Joined:Oct 2011	Message Posted: Aug 18, 2012 9:01:46 PM Ignore ratboy1968 Report Abuse ok
Mowerman08 Champion Author Milwaukee Posts:4,873 Points:1,242,280 Joined:Aug 2008	Message Posted: Aug 18, 2012 8:58:51 PM Ignore Mowerman08 Report Abuse Totally optimistic.
NHLiveFree Champion Author New Hampshire Posts:11,289 Points:1,649,075 Joined:Jun 2008	Message Posted: Aug 18, 2012 8:58:36 PM Ignore NHLiveFree Report Abuse Again and again!
trytogetby All-Star Author Cincinnati Posts:900 Points:222,895 Joined:Apr 2012	Message Posted: Aug 18, 2012 8:55:42 PM Ignore trytogetby Report Abuse Sticking to the common man over & over.
milespergallon Champion Author Illinois Posts:9,880 Points:1,935,085 Joined:Feb 2007	Message Posted: Aug 18, 2012 8:55:01 PM Ignore milespergallon Report Abuse Specu-traitors
erbyfub Champion Author Raleigh Posts:8,849 Points:1,702,780 Joined:Jul 2008	Message Posted: Aug 18, 2012 8:55:00 PM Ignore erbyfub Report Abuse peoples gotta start driving more conservatively
boatmen Champion Author New York Posts:3,196 Points:647,655 Joined:Jan 2011	Message Posted: Aug 18, 2012 8:52:57 PM Ignore boatmen Report Abuse greedy biches
abcdMA Champion Author Worcester Posts:8,047 Points:1,599,755 Joined:Nov 2008	Message Posted: Aug 18, 2012 8:51:11 PM Ignore abcdMA Report Abuse imagine what oil from Canada could do for us!?!?
toadNY Champion Author Albany Posts:7,183 Points:1,539,875 Joined:Apr 2008	Message Posted: Aug 18, 2012 8:45:49 PM Ignore toadNY Report Abuse Explains the rise in gas prices.
DandyDapple All-Star Author North Dakota Posts:715 Points:330,170 Joined:Sep 2008	Message Posted: Aug 18, 2012 8:45:12 PM Ignore DandyDapple Report Abuse ...
Blue48 Champion Author Illinois Posts:7,440 Points:1,664,670 Joined:Feb 2007	Message Posted: Aug 18, 2012 8:43:03 PM Ignore Blue48 Report Abuse UP..DOWN..UP..DOWN!
NashGas Champion Author Nashville Posts:3,094 Points:667,355 Joined:Dec 2009	Message Posted: Aug 18, 2012 8:43:01 PM Ignore NashGas Report Abuse ok
carloco75 Champion Author Richmond Posts:3,843 Points:626,745 Joined:Oct 2010	Message Posted: Aug 18, 2012 8:39:44 PM Ignore carloco75 Report Abuse Until the next "highest price"...
darkknight1 Champion Author Winston-Salem Posts:4,470 Points:921,810 Joined:Nov 2010	Message Posted: Aug 18, 2012 8:37:59 PM Ignore darkknight1 Report Abuse Even if the "consumers" were "gaining confidence in the economy" the higher gas prices will put a stop to any growth.
hauler43 Champion Author Oakland Posts:8,158 Points:2,597,750 Joined:Sep 2003	Message Posted: Aug 18, 2012 8:37:05 PM Ignore hauler43 Report Abuse Hurricane season is here so prices could skyrocket if the Gulf of Mexico get slammed
knot2swift Champion Author Calgary Posts:4,501 Points:716,760 Joined:Nov 2009	Message Posted: Aug 18, 2012 8:30:20 PM Ignore knot2swift Report Abuse Oil will be $100 by year end. Gasoline will be $3.75 to $4 in the US. So what?
Taurus1 Champion Author Ohio Posts:3,209 Points:1,691,930 Joined:Apr 2006	Message Posted: Aug 18, 2012 8:25:04 PM Ignore Taurus1 Report Abuse Now what?
ScottTee Champion Author Detroit Posts:4,522 Points:1,089,345 Joined:Mar 2010	Message Posted: Aug 18, 2012 8:23:59 PM Ignore ScottTee Report Abuse The ICE exchange is corrupt & dominated by major players. It is not a free market.
Yankee829 Champion Author Dallas Posts:2,339 Points:585,340 Joined:Sep 2010	Message Posted: Aug 18, 2012 8:21:54 PM Ignore Yankee829 Report Abuse Ok
Beaveronparade Champion Author Hartford Posts:2,164 Points:659,505 Joined:Mar 2011	Message Posted: Aug 18, 2012 8:21:18 PM Ignore Beaveronparade Report Abuse It's all politics. Time for change in Washington.
EMoe57 Champion Author Jacksonville Posts:4,743 Points:1,041,565 Joined:Apr 2009	Message Posted: Aug 18, 2012 8:17:29 PM Ignore EMoe57 Report Abuse ...and...
jad1960 Champion Author Gary Posts:1,575 Points:422,280 Joined:Feb 2012	Message Posted: Aug 18, 2012 8:16:46 PM Ignore jad1960 Report Abuse Speculators are trying and succeeding to make it rise.
VetteFan Champion Author Indiana Posts:9,869 Points:2,054,230 Joined:Aug 2005	Message Posted: Aug 18, 2012 8:15:45 PM Ignore VetteFan Report Abuse And the speculators are off and running. Higher prices before Labor Day.
monarch57 Champion Author British Columbia Posts:1,655 Points:138,650 Joined:Nov 2008	Message Posted: Aug 18, 2012 8:14:42 PM Ignore monarch57 Report Abuse Bad news for the ecomony oil shouldn't be a penny over $60 a berrel.
wayoung56 Champion Author Alabama Posts:2,915 Points:844,035 Joined:Oct 2006	Message Posted: Aug 18, 2012 8:14:13 PM Ignore wayoung56 Report Abuse Thanks for the "Change", vote "Nobama"!!!
drz614 Champion Author Harrisburg Posts:2,434 Points:624,345 Joined:Aug 2011	Message Posted: Aug 18, 2012 8:13:50 PM Ignore drz614 Report Abuse "the private sector is doing just fine...."
serrog Champion Author Nova Scotia Posts:5,695 Points:1,537,880 Joined:Oct 2008	Message Posted: Aug 18, 2012 8:13:28 PM Ignore serrog Report Abuse greed
MopedTime All-Star Author Michigan Posts:808 Points:382,765 Joined:Mar 2012	Message Posted: Aug 18, 2012 8:10:43 PM Ignore MopedTime Report Abuse How sad!
pgerassi Champion Author Milwaukee Posts:11,031 Points:2,158,270 Joined:Apr 2007	Message Posted: Aug 18, 2012 8:08:21 PM Ignore pgerassi Report Abuse Old news.
abacus44 Champion Author Toms River Posts:3,600 Points:773,040 Joined:Jan 2011	Message Posted: Aug 18, 2012 8:06:41 PM Ignore abacus44 Report Abuse We'll see more ups and downs, but in the long term, with increasing demand from China and India, we can only expect the trend to be higher prices.
flyfast Champion Author Kansas City Posts:9,381 Points:1,851,745 Joined:Jan 2008	Message Posted: Aug 18, 2012 8:05:11 PM Ignore flyfast Report Abuse THE CHANGE YOU VOTED FOR NOV. TRY AGAIN
bcok Champion Author Los Angeles Posts:2,176 Points:1,554,545 Joined:Oct 2005	Message Posted: Aug 18, 2012 8:04:53 PM Ignore bcok Report Abuse ok
beachmanglen All-Star Author Tampa Posts:764 Points:519,925 Joined:Aug 2011	Message Posted: Aug 18, 2012 8:04:52 PM Ignore beachmanglen Report Abuse Two refineries are still down, prices will continue to rise.
IUVidiot Champion Author Indiana Posts:3,720 Points:735,085 Joined:Jun 2011	Message Posted: Aug 18, 2012 8:03:17 PM Ignore IUVidiot Report Abuse ok
n3tbc Veteran Author Wilmington Posts:355 Points:333,575 Joined:Sep 2011	Message Posted: Aug 18, 2012 8:03:02 PM Ignore n3tbc Report Abuse here is one shoe dropping...
Tekkersmom57 Champion Author Syracuse Posts:2,009 Points:726,940 Joined:May 2010	Message Posted: Aug 18, 2012 8:02:45 PM Ignore Tekkersmom57 Report Abuse Very well said 91Hilux!