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Price of crude oil falling, gas prices may be next

WOKV -- The price of crude oil per barrel has fallen significantly. Last week it traded between $95 and $100 per barrel, and this Wednesday it traded close to $92 and still falling.

Gregg Laskoski, Senior Petroleum Analyst for GasBuddy.com, said September 11th of last week seems like a long time ago already.

“The U.S. economy right now is seeing a supply that exceeds demand….believe it or not,” Laskoski said.

He said it may reflect the weakness of the economy, but at the same time it could be evidence of a higher level of stability in the Middle East compared to what we saw last week during the attacks on U.S. embassies.

Laskoski also attributes the recent dip in crude oil prices on this week’s announcements from the Department of Energy:

-There’s been a massive increase in crude o

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Submitted Sep 21, 2012 By: bar1035

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honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Sep 29, 2012 11:00:45 AM Ignore honda0105 Report Abuse prices down to 359 (87) and 399 (diesel)... still too high.
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Sep 28, 2012 12:05:13 AM Ignore honda0105 Report Abuse would be nice if prices WOULD fall more.. looks like GB shows them going up again here.
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Sep 27, 2012 12:01:58 AM Ignore honda0105 Report Abuse I agree, exyou. Temporary drop.
exyouen Veteran Author Philadelphia Posts:309 Points:401,715 Joined:Jul 2011	Message Posted: Sep 22, 2012 11:35:55 PM Ignore exyouen Report Abuse dont worry, it'll go up again soon
sdslim Champion Author Florida Posts:1,889 Points:1,710,800 Joined:Feb 2007	Message Posted: Sep 22, 2012 11:15:52 AM Ignore sdslim Report Abuse Let's hope it is so.
07skydriver Champion Author Ohio Posts:3,256 Points:982,275 Joined:Feb 2009	Message Posted: Sep 22, 2012 11:11:50 AM Ignore 07skydriver Report Abuse Just stay home.
aservant Champion Author California Posts:14,205 Points:1,385,015 Joined:Nov 2008	Message Posted: Sep 22, 2012 10:32:58 AM Ignore aservant Report Abuse Hope gas falls
remay Champion Author Houston Posts:6,963 Points:2,117,390 Joined:May 2006	Message Posted: Sep 22, 2012 10:26:24 AM Ignore remay Report Abuse Maybe.... Have seen a SLIGHT drop around here...
BEGTWO Champion Author Maryland Posts:1,942 Points:723,990 Joined:Sep 2010	Message Posted: Sep 22, 2012 6:44:45 AM Ignore BEGTWO Report Abuse GOOD!!!
heydano67 Champion Author California Posts:1,666 Points:358,410 Joined:Feb 2012	Message Posted: Sep 22, 2012 1:16:10 AM Ignore heydano67 Report Abuse let's hope it translates soon
Tehbob Champion Author California Posts:2,296 Points:457,605 Joined:Jan 2012	Message Posted: Sep 22, 2012 1:11:00 AM Ignore Tehbob Report Abuse YEP!!
crreed1 Champion Author West Virginia Posts:1,985 Points:2,526,335 Joined:May 2005	Message Posted: Sep 22, 2012 12:30:35 AM Ignore crreed1 Report Abuse it dropped 4 cents here
rtw777 Champion Author Florida Posts:9,396 Points:1,841,995 Joined:Jan 2008	Message Posted: Sep 22, 2012 12:15:51 AM Ignore rtw777 Report Abuse All fuel prices should be $1.25 less.
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Sep 22, 2012 12:14:06 AM Ignore farn1958 Report Abuse Yeah Right!
jkpsr Champion Author New Jersey Posts:4,079 Points:1,101,905 Joined:Jun 2005	Message Posted: Sep 22, 2012 12:13:41 AM Ignore jkpsr Report Abuse Big Oil does not want prices to fall before thr election.
rahcat Champion Author Grand Rapids Posts:2,468 Points:662,950 Joined:Jan 2010	Message Posted: Sep 22, 2012 12:12:30 AM Ignore rahcat Report Abuse If you believe that. I have some slightly moist land for sale in southern Georgia. (Okefenokee)
ican2step Champion Author Pittsburgh Posts:1,681 Points:427,400 Joined:Feb 2012	Message Posted: Sep 22, 2012 12:12:13 AM Ignore ican2step Report Abuse I'll believe it when I buy it.
bugc Champion Author Boston Posts:15,051 Points:3,004,140 Joined:Mar 2004	Message Posted: Sep 22, 2012 12:10:03 AM Ignore bugc Report Abuse Hope so
heartbroken2010 Champion Author Ottawa Posts:4,344 Points:897,535 Joined:Aug 2010	Message Posted: Sep 22, 2012 12:09:49 AM Ignore heartbroken2010 Report Abuse not for long , of this i'm sure. winter is coming.
quasar502 Champion Author Lansing Posts:3,583 Points:801,350 Joined:Jan 2011	Message Posted: Sep 22, 2012 12:09:47 AM Ignore quasar502 Report Abuse They are.
Cashless Champion Author Akron Posts:3,520 Points:734,305 Joined:Apr 2011	Message Posted: Sep 22, 2012 12:09:09 AM Ignore Cashless Report Abuse Falling prices? Sounds good to me.
Rageagainsttm Champion Author Tampa Posts:8,303 Points:1,902,980 Joined:Jul 2007	Message Posted: Sep 22, 2012 12:09:03 AM Ignore Rageagainsttm Report Abuse maybe
Number43 Champion Author Lexington Posts:8,697 Points:1,638,170 Joined:Oct 2008	Message Posted: Sep 22, 2012 12:07:11 AM Ignore Number43 Report Abuse hope the speculators lose a bundle
wendy1john32 Champion Author Los Angeles Posts:1,757 Points:1,055,495 Joined:Jul 2009	Message Posted: Sep 22, 2012 12:06:59 AM Ignore wendy1john32 Report Abuse Pump prices shoot up but drift down.
Number43 Champion Author Lexington Posts:8,697 Points:1,638,170 Joined:Oct 2008	Message Posted: Sep 22, 2012 12:06:34 AM Ignore Number43 Report Abuse We have had a surplus now for several years.
sunny_dsm Sophomore Author San Jose Posts:185 Points:787,700 Joined:Nov 2010	Message Posted: Sep 22, 2012 12:06:00 AM Ignore sunny_dsm Report Abuse Let's see...
7SPEEDY7 Champion Author Flint Posts:1,291 Points:605,675 Joined:May 2011	Message Posted: Sep 22, 2012 12:05:55 AM Ignore 7SPEEDY7 Report Abuse Good News When We actually see it!
J4romeo All-Star Author Gary Posts:506 Points:1,214,925 Joined:Jan 2006	Message Posted: Sep 22, 2012 12:05:43 AM Ignore J4romeo Report Abuse Time will tell..:)
Number43 Champion Author Lexington Posts:8,697 Points:1,638,170 Joined:Oct 2008	Message Posted: Sep 22, 2012 12:05:24 AM Ignore Number43 Report Abuse good news if it happens
letterchunker Champion Author Texas Posts:2,245 Points:667,675 Joined:Aug 2008	Message Posted: Sep 22, 2012 12:04:31 AM Ignore letterchunker Report Abuse No doubt they should be
CivicMA Champion Author Boston Posts:1,897 Points:535,195 Joined:Jun 2011	Message Posted: Sep 22, 2012 12:04:17 AM Ignore CivicMA Report Abuse We need to see this, a LARGE drop and for it to "stick"!
yakstar Champion Author Montreal Posts:2,420 Points:479,645 Joined:Jan 2012	Message Posted: Sep 22, 2012 12:03:38 AM Ignore yakstar Report Abuse sweet b jesus!
jetskijerry Champion Author North Carolina Posts:3,896 Points:772,270 Joined:Mar 2011	Message Posted: Sep 22, 2012 12:03:00 AM Ignore jetskijerry Report Abuse crooks setting the price.
jetskijerry Champion Author North Carolina Posts:3,896 Points:772,270 Joined:Mar 2011	Message Posted: Sep 22, 2012 12:02:39 AM Ignore jetskijerry Report Abuse needs to drop lower
Marson Champion Author Scranton Posts:8,947 Points:2,078,160 Joined:Oct 2006	Message Posted: Sep 21, 2012 11:58:13 PM Ignore Marson Report Abuse It is down here 6 cents.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Sep 21, 2012 11:56:48 PM Ignore Jeeputtputt Report Abuse HUH
wilbur_gas Champion Author Los Angeles Posts:1,702 Points:647,110 Joined:Mar 2011	Message Posted: Sep 21, 2012 11:56:16 PM Ignore wilbur_gas Report Abuse O.K.
qwerty17 Champion Author New Jersey Posts:3,655 Points:1,117,900 Joined:Oct 2009	Message Posted: Sep 21, 2012 11:54:51 PM Ignore qwerty17 Report Abuse may be?
Cheney Champion Author Toronto Posts:2,023 Points:2,534,430 Joined:May 2004	Message Posted: Sep 21, 2012 11:50:01 PM Ignore Cheney Report Abuse it's a bit underpriced.
Is246 Champion Author Albuquerque Posts:1,013 Points:426,715 Joined:Apr 2011	Message Posted: Sep 21, 2012 11:45:53 PM Ignore Is246 Report Abuse Better come down, these prices are ridiculus.
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Sep 21, 2012 11:38:27 PM Ignore Lizzylou Report Abuse I hope so because every Friday gas prices seem to "jack up" in this city!!
CCLighthouse Champion Author Hartford Posts:1,003 Points:213,030 Joined:Aug 2012	Message Posted: Sep 21, 2012 11:35:20 PM Ignore CCLighthouse Report Abuse I'm not holding mine. There is always going to be a reason for it to continue to go up.
ggordo Champion Author Long Island Posts:1,675 Points:354,680 Joined:Apr 2012	Message Posted: Sep 21, 2012 11:32:26 PM Ignore ggordo Report Abuse holding my breath
Beaveronparade Champion Author Hartford Posts:2,105 Points:635,050 Joined:Mar 2011	Message Posted: Sep 21, 2012 11:30:01 PM Ignore Beaveronparade Report Abuse I'm not holding my breath on the gas prices coming down.
DEG Champion Author Las Vegas Posts:17,620 Points:3,494,705 Joined:Jul 2003	Message Posted: Sep 21, 2012 11:29:50 PM Ignore DEG Report Abuse Maybe; however, I am sure Big Oil and Big Government will do something to keep prices high and moving higher.
pagenutt Sophomore Author Ohio Posts:153 Points:328,675 Joined:Nov 2002	Message Posted: Sep 21, 2012 11:26:01 PM Ignore pagenutt Report Abuse I'll believe it when I see it............ Actions speak louder than works!
CarefreeVT Champion Author Burlington Posts:1,806 Points:258,805 Joined:Aug 2012	Message Posted: Sep 21, 2012 11:25:49 PM Ignore CarefreeVT Report Abuse Lmfao! To quote Super Troopers, "I'll believe that when me sh*it turns purple & smells like rainbow sherbet!"
mstearno Champion Author Dayton Posts:8,066 Points:1,731,235 Joined:Jan 2008	Message Posted: Sep 21, 2012 11:25:13 PM Ignore mstearno Report Abuse should but won't
bonzoonfmb Champion Author Florida Posts:1,782 Points:644,585 Joined:Feb 2010	Message Posted: Sep 21, 2012 11:23:46 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
TFowler513 Champion Author Memphis Posts:3,824 Points:1,413,860 Joined:Mar 2008	Message Posted: Sep 21, 2012 11:18:58 PM Ignore TFowler513 Report Abuse I'll believe it when I see it!!!