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GasBuddy News Article

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Crude Oil Declines on Economic Outlook; Brent Slides

Bloomberg -- Oil fell for the third time in four days after U.S. employers added fewer jobs than expected, damping the economic outlook in the biggest crude consumer, and Iran agreed to resume talks over its nuclear program.

Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000. International negotiations with Iran’s government are scheduled to start this week, easing concern that supplies may be disrupted by the dispute over the Persian Gulf nation’s nuclear program.


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Submitted Apr 08, 2012 By: wiskow
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Oil Declines on Economic Outlook; Brent Slides Back to Topics
REPLIES (newest first) Post a Reply
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Mark8601
Champion Author Bakersfield

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Message Posted: Apr 9, 2012 3:36:35 AM

The new thing is to bring in cheaper Dakota crude oil to CA and process it. Makes a ton of money for the refiner. They don't have to bring in foriegn oil.
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WalRus49
Champion Author Boston

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Message Posted: Apr 9, 2012 3:19:56 AM

More organized mayhem and pillage................
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humblepie
Champion Author Toledo

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Message Posted: Apr 9, 2012 1:59:51 AM

our economy is in the crapper for real
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anascom
Champion Author Hamilton

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Message Posted: Apr 9, 2012 1:23:01 AM

we still see higher gas prices each day here in ontario!
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humblepie
Champion Author Toledo

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Message Posted: Apr 9, 2012 12:39:02 AM

you cant hide REAL jobs numbers forever
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quasar502
Champion Author Lansing

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Message Posted: Apr 9, 2012 12:28:11 AM

Good.
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granitestater
Champion Author New Hampshire

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Message Posted: Apr 9, 2012 12:23:47 AM

Just the market adjusting to daily demand. Move along, citizen. Nothing to see here...
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Jeff4U
Champion Author Atlanta

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Message Posted: Apr 9, 2012 12:12:39 AM

A temporary glitch. It'll be back up before your next lunch break.
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lesndave
Champion Author Texas

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Message Posted: Apr 9, 2012 12:10:42 AM

Don't get it...... Oil goes down, but gas prices jump up another 5-10 cents a gallon.....???????
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vrossi46
Champion Author San Jose

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Message Posted: Apr 9, 2012 12:08:39 AM

keep going
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edgarCA
Champion Author Oakland

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Message Posted: Apr 9, 2012 12:08:28 AM

Happy Easter.
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LEGION57
Champion Author South Carolina

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Message Posted: Apr 9, 2012 12:03:41 AM

yippie
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jwkycola
All-Star Author Columbia

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Message Posted: Apr 8, 2012 11:58:30 PM

Good. Now what about gas prices?
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pizzaman777
Rookie Author Little Rock

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Message Posted: Apr 8, 2012 11:52:56 PM

ok
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USCCRN
Sophomore Author Long Island

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Message Posted: Apr 8, 2012 11:52:42 PM

If crude oil is becoming cheaper, then gas will become cheaper too. Hopefully soon.
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benjy
Champion Author Chicago

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Message Posted: Apr 8, 2012 11:43:27 PM

don't blink you eyes... opps... it's back up again...
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flghtmedic
All-Star Author Pensacola

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Message Posted: Apr 8, 2012 11:41:25 PM

Ok
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wiskow
Champion Author Riverside

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Message Posted: Apr 8, 2012 11:21:29 PM

Jeff4U wrote: "Wholesale gas is at $3.32 per gallon, which means about $3.82 at the pump."

... or around $4.32 in California. :/
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wonderlander
Veteran Author Illinois

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Message Posted: Apr 8, 2012 11:20:17 PM

and gas prices still don't make sense
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kitty1750
Champion Author Kitchener-Waterloo

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Message Posted: Apr 8, 2012 11:12:09 PM

Gas prices will keep rising
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davenles
Champion Author Texas

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Message Posted: Apr 8, 2012 11:10:29 PM

And yet our gas went up for the holiday weekend.
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amerk73
Champion Author Dallas

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Message Posted: Apr 8, 2012 10:59:36 PM

HIS FELL FOR FEW DAYS
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nimpy
Champion Author Indianapolis

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Message Posted: Apr 8, 2012 10:50:00 PM

The price of gas will still go up
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schatzila
Champion Author Los Angeles

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Message Posted: Apr 8, 2012 10:49:28 PM

keep falling.
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Night Owl
Champion Author Toronto

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Message Posted: Apr 8, 2012 10:24:08 PM

Greedy Wall Street oil speculators keep raising oil prices so high that world economies cannot recover. In the next few days, Wall Street will come up with more excuses to raise oil prices yet again.
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69Bonne
Champion Author Gary

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Message Posted: Apr 8, 2012 10:19:06 PM

Keep sliding....
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FunMyster
All-Star Author Indiana

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Message Posted: Apr 8, 2012 10:18:39 PM

I agree.
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gilfarm
Champion Author Alabama

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Message Posted: Apr 8, 2012 10:17:45 PM

Could be good news!
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Hoporrene
Veteran Author Mississippi

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Message Posted: Apr 8, 2012 10:09:59 PM

....could this be great news
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mplato
Champion Author Columbia

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Message Posted: Apr 8, 2012 10:08:07 PM

oil falling is a good thing
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Jeff4U
Champion Author Atlanta

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Message Posted: Apr 8, 2012 10:04:54 PM

The amount lower wasn't enough to affect the rise of 1.8%, so no big deal.
Crude is now at $101.98 per barrel.
Wholesale gas is at $3.32 per gallon, which means about $3.82 at the pump.
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Thomtec
Champion Author Nashville

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Message Posted: Apr 8, 2012 9:59:36 PM

No demand
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drz614
Champion Author Harrisburg

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Message Posted: Apr 8, 2012 9:55:58 PM

ok
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ratboy1968
Champion Author Montreal

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Message Posted: Apr 8, 2012 9:53:53 PM

Yet gas prices are almost at an all-time high? Face the facts, gas is never dropping back to the levels that they were a couple of years ago.
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race2IT
Champion Author Fort Worth

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Message Posted: Apr 8, 2012 9:42:59 PM

If oil is declining, then, why haven’t the pumps showing the reversal?
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BrucePen
Champion Author Ontario

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Message Posted: Apr 8, 2012 9:29:19 PM

And pump prices keep rising.
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BlackSbr
Champion Author Nevada

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Message Posted: Apr 8, 2012 9:29:03 PM

Rhym time
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matthwbar
Champion Author Toledo

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Message Posted: Apr 8, 2012 9:27:02 PM

Yes, the economic outlook sucks...
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Tehbob
Champion Author California

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Message Posted: Apr 8, 2012 9:26:35 PM

hmm
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