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GasBuddy News Article

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Oil price hovers around $97 ahead of US data

Associated Press -- The price of oil hovered around $97 a barrel on Wednesday ahead of the release of U.S. housing starts for January.

By early afternoon in Europe, benchmark crude for April delivery was down 19 cents to $96.91 a barrel in electronic trading on the New York Mercantile Exchange. The March contract, which expires Wednesday, rose 80 cents to finish at $96.66 per barrel on the Nymex on Tuesday.

Later in the day, the U.S. Commerce Department will release housing starts for the month of January, a key gauge of the real estate industry and economy. In December, builders broke ground on houses and apartments at a seasonally adjusted annual rate of 954,000. That was 12.1 percent higher than November's annual rate.

A report on Tuesday showed that confidence among homebuilders slipped, as build


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Submitted Feb 20, 2013 By: WxVette
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REPLIES (newest first) Post a Reply
mightyace
Champion Author Tennessee

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Message Posted: Feb 21, 2013 2:16:45 AM

Then why is gas still going up, up, up?
Sneakers55
Champion Author Houston

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Message Posted: Feb 21, 2013 1:23:09 AM

I wouldn't care what price crude oil is just as long as the price of gasoline hovers around $2.50 a gallon.
kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 21, 2013 12:54:50 AM

This is getting crazy
gass12
Champion Author Omaha

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Message Posted: Feb 21, 2013 12:47:09 AM

It was $94 a barell the last I saw.
rahcat
Champion Author Grand Rapids

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Message Posted: Feb 21, 2013 12:30:53 AM

I'm afraid we have not even seen the peak gas prices yet.
tedjm1
Champion Author New York

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Joined:Dec 2006
Message Posted: Feb 21, 2013 12:28:21 AM

Okay.
Zonk
Champion Author Michigan

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Message Posted: Feb 21, 2013 12:27:17 AM

That's below the $119 several weeks ago.
Bigwaynef
Champion Author South Carolina

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Message Posted: Feb 21, 2013 12:23:15 AM

Is this Oh-Bamass fault yet???
danreino
Champion Author Twin Cities

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Message Posted: Feb 21, 2013 12:23:06 AM

WRONG !! Oil plummeted today all the way down to $95 per barrel. But gas still went up 10-15 cent a gallon here today, thanks to CHU & O'Lenin II.

[Edited by: danreino at 2/21/2013 12:24:15 AM EST]
AnObserver
Champion Author New Jersey

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Message Posted: Feb 21, 2013 12:22:46 AM

It would be better if it hovered around $57
crreed1
Champion Author West Virginia

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Message Posted: Feb 21, 2013 12:22:27 AM

this is old news nite
regout
Champion Author Quebec

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Message Posted: Feb 21, 2013 12:21:18 AM

Still to high.
mlmeng
Champion Author Michigan

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Message Posted: Feb 21, 2013 12:20:50 AM

Gas prices are still too high.
regout
Champion Author Quebec

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Message Posted: Feb 21, 2013 12:20:14 AM

It won't regress.
judgemobile
Champion Author Ohio

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Message Posted: Feb 21, 2013 12:18:08 AM

gold is way down---time to BUY, BUY, BUY
10k
Champion Author North Carolina

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Message Posted: Feb 21, 2013 12:17:11 AM

and good ol' north carolina is now 6¢ higher than the national average..
yakstar
Champion Author Montreal

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Message Posted: Feb 21, 2013 12:16:24 AM

milk city!
obimerrill
Champion Author Cincinnati

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Message Posted: Feb 21, 2013 12:16:07 AM

Let's see where things stand by the weekend...
DEG
Champion Author Las Vegas

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Message Posted: Feb 21, 2013 12:15:35 AM

Oil should be in the $40 to $45/barrel range.
jkpsr
Champion Author New Jersey

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Message Posted: Feb 21, 2013 12:15:34 AM

Sring is almost here!
9C1
Champion Author Chicago

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Message Posted: Feb 21, 2013 12:14:57 AM

Pig Oil is killing us
ican2step
Champion Author Pittsburgh

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Message Posted: Feb 21, 2013 12:12:26 AM

Okay
boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 21, 2013 12:12:09 AM

Let's check the price on Friday.
naspa
Champion Author Cleveland

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Message Posted: Feb 21, 2013 12:11:46 AM

In a short while we will all ride the stupid scooters everywhere.
jdevlin
All-Star Author Ontario

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Message Posted: Feb 21, 2013 12:10:51 AM

Probably make gas go up.
pa79th
Champion Author Pennsylvania

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Message Posted: Feb 21, 2013 12:08:59 AM

Destroy the Futures Market! It kills consumers!
yyc2yow
Champion Author Ottawa

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Message Posted: Feb 21, 2013 12:07:07 AM

of course
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Feb 21, 2013 12:06:40 AM

Bring down prices
jobo74
Champion Author Ontario

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Message Posted: Feb 21, 2013 12:06:31 AM

the daily lie
Piggy1959
Champion Author Fort Worth

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Message Posted: Feb 21, 2013 12:06:13 AM

So, what?
ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Feb 21, 2013 12:04:00 AM

Better than the $150 it hit in 2009
Rageagainsttm
Champion Author Tampa

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Message Posted: Feb 21, 2013 12:03:19 AM

Lookin real bad.
sjhman
Veteran Author Atlanta

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Message Posted: Feb 21, 2013 12:01:41 AM

fall fall fall!
kjme4ever
Sophomore Author Lexington

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Message Posted: Feb 21, 2013 12:01:17 AM

Oil and gas are overpriced period! Speculators see the economy recovering and they are putting bundles of cash into oil "to make money". This is killing the working man/woman and the goverment should do something about it. The truth about gas is that the crazy high prices are making demand go down each and every year but yet the price rises. Just doesn't add up anymore as supply and demand are dead. We use less gas but the price continues to rise. Nothing but GREED in the world today!!
mia3bxs
All-Star Author Miami

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Message Posted: Feb 20, 2013 11:59:36 PM

That's Big Oil for you.
badharley
Champion Author Tampa

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Message Posted: Feb 20, 2013 11:59:24 PM

Just GREED.
WanderDan
All-Star Author Dayton

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Message Posted: Feb 20, 2013 11:57:24 PM

more big oil handouts is what they want and need - right?
sydb7
Champion Author Atlanta

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Message Posted: Feb 20, 2013 11:56:25 PM

Does it matter? Prices have already been manipulated!
dandvicb
Champion Author Bridgeport

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Message Posted: Feb 20, 2013 11:54:37 PM

Eliminate the speculation!!!!!!!!!!!!
Z51Corvette
Champion Author Austin

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Message Posted: Feb 20, 2013 11:53:29 PM

This price is a farce... eliminate the speculator... this is nuts!
snagged
Veteran Author Akron

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Message Posted: Feb 20, 2013 11:52:47 PM

Gas will be $10. soon.
floridakeys
Champion Author Columbus

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Joined:Jan 2011
Message Posted: Feb 20, 2013 11:51:49 PM

Getting bent over at the fuel pump still, something soon is gonna have to give,can't keep on not like this.
Bleeder
Champion Author Virginia

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Message Posted: Feb 20, 2013 11:49:28 PM

I don not like the looks of this.
southrob
Champion Author Tucson

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Message Posted: Feb 20, 2013 11:46:18 PM

dhan to end stupidity
libertyut
Champion Author Utah

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Joined:Mar 2012
Message Posted: Feb 20, 2013 11:43:00 PM

It should be at least half that price.
gasmack
Champion Author Ventura

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Message Posted: Feb 20, 2013 11:38:18 PM

Patience is needed.
nwsynthetics
Champion Author Oregon

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Message Posted: Feb 20, 2013 11:38:15 PM

tooooooooooooooooooo high
clermont40miles
Champion Author Cincinnati

Posts:14,698
Points:2,549,745
Joined:Apr 2008
Message Posted: Feb 20, 2013 11:35:16 PM

Dropped to $94.44.

Still twice what it ought to be. Speculators keep it hiked up.
BREW9
Champion Author Tampa

Posts:4,132
Points:3,694,085
Joined:Jun 2004
Message Posted: Feb 20, 2013 11:34:15 PM

too high
serrog
Champion Author Nova Scotia

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Message Posted: Feb 20, 2013 11:34:07 PM

Inevitable
toadNY
Champion Author Albany

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Joined:Apr 2008
Message Posted: Feb 20, 2013 11:32:05 PM

Thats easy milespergallon, the election is over an We lost!
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