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GasBuddy News Article

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Author Topic: Crude Falls on Speculation U.S. Fuel Demand Will Drop Post a Reply Back to Topics
REPLIES (newest first)
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adr47
Champion Author Saskatchewan

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Message Posted: Sep 6, 2010 1:30:53 PM

Price at pump been flat here for 2 months
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STLcardsfan
All-Star Author St. Louis

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Message Posted: Sep 6, 2010 11:35:21 AM

I want to see it at he pump!
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misterray
Champion Author Oregon

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Message Posted: Sep 6, 2010 11:35:20 AM

Prices will fail to drop.
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CRAZYEDDIE2010
Veteran Author Ontario

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Message Posted: Sep 6, 2010 11:24:18 AM

LETS SEE IT FALL AT THE PUMPS.
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FPLREP
Champion Author Virginia

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Message Posted: Sep 6, 2010 11:24:00 AM

For once, this is not speculation. Prices will fall.
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Jamer
Champion Author Orange County

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Message Posted: Sep 6, 2010 11:17:09 AM

Speculators are up to their old tricks again by manipulating the market.
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Tutootin
Champion Author Toronto

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Message Posted: Sep 6, 2010 11:17:07 AM

Chummy37, Unfortunately not. They can still make money "selling short"!
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amerk73
Champion Author Dallas

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Message Posted: Sep 6, 2010 11:16:19 AM

still high because gas price high too
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Chummy37
Champion Author Calgary

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Message Posted: Sep 6, 2010 11:12:31 AM

Looks good on the speculators.
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afghaned
Champion Author Hamilton

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Message Posted: Sep 6, 2010 11:10:55 AM

Our price at the pump was about $3.60/gal yesterday. I haven't been out today to see if the greedy gas companies lowered their price yet. Many people traveling today to get home from holidays & bringing students to university, etc.
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101Speedster
Champion Author Ventura

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Message Posted: Sep 6, 2010 11:10:20 AM

We are being held hostage to the oil companies. It's time to become energy independent and use renewable energy.
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gabbygusIN
Champion Author Indiana

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Message Posted: Sep 6, 2010 11:09:56 AM

With unemployement running just under 10% nationwide... demand will continue to be down!!
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warlord1
Champion Author Georgia

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Message Posted: Sep 6, 2010 11:09:46 AM

Gas prices need to drop more to.
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Ticoman54
Champion Author Miami

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Message Posted: Sep 6, 2010 11:06:28 AM

Keep dropping....
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Luckylindy
Champion Author Milwaukee

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Message Posted: Sep 6, 2010 10:28:37 AM

God only knows that a booming economy won't be increasing demand anytime soon.
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goldilox88
Champion Author Montreal

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Message Posted: Sep 6, 2010 10:20:28 AM

I hope in my lifetime that we can use other sources of energy... green!
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civicdutie
Champion Author Rochester

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Message Posted: Sep 6, 2010 10:19:01 AM

I think $2.00 a gallon of gasoline sounds fair given the state of our economy...$2.80 here is just too high.

[Edited by: civicdutie at 9/6/2010 10:19:20 AM EST]
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Night Owl
Champion Author Toronto

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Message Posted: Sep 6, 2010 9:57:51 AM

Greedy oil speculators have kept oil prices far too high. Oil prices really should be far below what they are now.
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Lugi1967
Champion Author Ohio

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Message Posted: Sep 6, 2010 9:20:22 AM

It amazes me that it still remains so high despite world economy
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MidNJ
Champion Author New Jersey

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Message Posted: Sep 6, 2010 8:48:59 AM

Martinman, Oil in today's market, although not as low as it should be is better than the predictions were a few months ago, when $90 and higher were predicted.

Let the bear market continue so prices continue to go lower. Have a good holiday.
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JimTee
Champion Author Tampa

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Message Posted: Sep 6, 2010 8:13:38 AM

It boggles my mind why oil prices can't remain at one price until a "significant event" happens. Sort of like the price of other consumable goods (food, medicine, toilet paper or even your rent check...). OH that's right, it would put a lot of people out of work (speculators, investors, journalists, ....).
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BBopp
Champion Author Dayton

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Message Posted: Sep 6, 2010 8:06:05 AM

How I wish the price of crude was not dependent on the stock market. I wish that the pump prices would drop as quickly as they rise, just imagine a 20cent decrease in the price per gallon!
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davidel57
Champion Author Houston

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Message Posted: Sep 6, 2010 7:59:22 AM

down it a better trend.
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BMW2014
Champion Author Toronto

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Message Posted: Sep 6, 2010 7:58:39 AM

Roller Coaster runs on oil.
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mynt
Champion Author Ottawa

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Message Posted: Sep 6, 2010 7:55:48 AM

Hope that trend continues...
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Martinman
Champion Author Mississippi

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Message Posted: Sep 6, 2010 7:54:56 AM

What "bear" market?

Crude is STILL above $70 per barrel.

We have an economy that is no where near as strong as in 2004, BEFORE the run-up in crude oil and pump-gas prices began. Demand is down considerably, and "tracked" inventory levels are well above average and either at or near historic highs.

Yet crude oil is STILL nearly double what it was in 2004.

What "bear" market?
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MidNJ
Champion Author New Jersey

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Message Posted: Sep 6, 2010 7:45:02 AM

To all, enjoy your Labor Day Holiday.

and let the bear crude market continue!
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