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Author	Topic: Tropical Drepression #3 forms, everything pointing to higher gas prices	Post a Reply Back to Topics

PD Moderator	Message Posted: Jul 22, 2010 10:30:28 AM Ignore PD Report Abuse Good earnings reports from several companies points to consumers willing to spend. Consumers willing to spend points towards increased gasoline demand as those consumers get out to spend and go on trips or vacations. The summer heat points to above average tropical activity. A storm has just developed into tropical depression #3. Tropical depression #3 will not only cause BP to shut spill operations, but will cause other rigs to evacuate, forcing a shut down of some production. All of these situations points toward higher gasoline prices. As unlikely as it is, all of these events have started at around the same time, so oil prices can virtually only move higher. Suddenly traders are focusing on the upbeat earnings reports thinking... Visit GasBuddy Blog for full article

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Message Posted: Jul 22, 2010 10:30:28 AM

Ignore PD Report Abuse

Good earnings reports from several companies points to consumers willing to spend. Consumers willing to spend points towards increased gasoline demand as those consumers get out to spend and go on trips or vacations. The summer heat points to above average tropical activity. A storm has just developed into tropical depression #3. Tropical depression #3 will not only cause BP to shut spill operations, but will cause other rigs to evacuate, forcing a shut down of some production.

All of these situations points toward higher gasoline prices. As unlikely as it is, all of these events have started at around the same time, so oil prices can virtually only move higher. Suddenly traders are focusing on the upbeat earnings reports thinking...

Visit GasBuddy Blog for full article

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OHMS Champion Author Orange County Posts:13,732 Points:1,694,805 Joined:May 2005	Message Posted: Jul 27, 2010 12:41:29 PM Ignore OHMS Report Abuse ""EVERY THING"" IS NOT POINTING TO HIGHER GASOLINE PRICES. Smile; be happy; things could be much worse.
FordF2502001 Champion Author Mississippi Posts:8,003 Points:1,601,690 Joined:Sep 2008	Message Posted: Jul 26, 2010 4:56:24 PM Ignore FordF2502001 Report Abuse The author has a superb crystal ball. Most impressive reading the future like that.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Jul 24, 2010 7:16:49 AM Ignore honda0105 Report Abuse the US economy (and global economy) is down and Pig Oil and Pig Banks just kick 'em in the teeth. OPEC doesn't have to do anything to do "US" in...
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Jul 24, 2010 7:15:00 AM Ignore honda0105 Report Abuse diesel at one station jumped from 2.89 to 3.15 yesterday. Absolutely NO reason for that one. Other than gouging.
djgunrunner Champion Author Salt Lake City Posts:10,114 Points:2,351,530 Joined:Apr 2005	Message Posted: Jul 23, 2010 1:50:36 PM Ignore djgunrunner Report Abuse Who are you kidding. Everything points to higher gas prices. I have four references. 1. Speculators. 2. Opec. 3. Big oil. 4. The present administration who cancels leases already granted and paid for and puts a stupid moratorium on the gulf to further impair U.S oil production so that we may buy more from foreign suppliers. They must really be trying to make the country fail. I truly hope that the "cap and trade (tax) continues to be held up.
UseLessGasFolks Champion Author Iowa Posts:5,456 Points:1,297,800 Joined:Jul 2007	Message Posted: Jul 23, 2010 12:24:10 PM Ignore UseLessGasFolks Report Abuse They are going to lose their asses
Martinman Champion Author Mississippi Posts:14,744 Points:2,094,805 Joined:Sep 2005	Message Posted: Jul 23, 2010 10:15:09 AM Ignore Martinman Report Abuse "Good earnings reports from several companies points to consumers willing to spend...." . On the contrary. No. Everything I've heard, has attributed recent profit earnings due to cost-cutting, not an increase in sales. And as a matter of fact, the reports even went so far as to address the fact that it was not due to increased sales, and how the economy cannot sustain increasing earning through cost-cutting efforts. THE primary source for the increase in profits was due to cost-cutting benefits almost entirely derived from laying-off millions of people (i.e. cut labor costs, put more work on existing labor force, maintain previous sales levels). So. There has been no increase in consumer spending, and most indications are that Americans have begun cutting spending again. sometime in mid-May. STOP speculating and READ the news! [Edited by: Martinman at 7/23/2010 11:17:54 AM EST]
tomok Champion Author Portland Posts:33,073 Points:2,347,460 Joined:Aug 2006	Message Posted: Jul 23, 2010 9:23:32 AM Ignore tomok Report Abuse Make sure the news is bad enough to keep gas prices UP at the pump! Whatever the news maybe: storms, hurricanes, weather depressions, fuel inventories, oil futures, speculation, DOE reports, rouge oil companies, major oil leaks that go on for more than a week, the season of the year, wild spending by Obie, government inaction, acne, shaving, premature exxxulation or your first divorce.
traindude Champion Author Virginia Beach Posts:5,624 Points:1,497,355 Joined:Jun 2007	Message Posted: Jul 23, 2010 7:41:15 AM Ignore traindude Report Abuse that all just is another kick in the crotch for those who still struggle
1006 Champion Author Birmingham Posts:1,105 Points:1,356,940 Joined:Apr 2008	Message Posted: Jul 23, 2010 5:14:32 AM Ignore 1006 Report Abuse of course pump gas prices are headed higher.
comprof Champion Author Houston Posts:6,875 Points:1,359,675 Joined:Jul 2009	Message Posted: Jul 23, 2010 1:12:58 AM Ignore comprof Report Abuse Typical summer.
greenfog Champion Author Illinois Posts:6,500 Points:1,640,970 Joined:Feb 2008	Message Posted: Jul 23, 2010 12:59:20 AM Ignore greenfog Report Abuse sounds like they are hoping for hurricanes. what fools!
WVUtailgater Champion Author Cleveland Posts:8,446 Points:1,700,635 Joined:Aug 2008	Message Posted: Jul 23, 2010 12:33:34 AM Ignore WVUtailgater Report Abuse all in the speculation
ifallsguy Champion Author Minnesota Posts:5,180 Points:1,553,670 Joined:Apr 2007	Message Posted: Jul 23, 2010 12:18:27 AM Ignore ifallsguy Report Abuse a depressing thought
applejoe Champion Author Twin Cities Posts:3,630 Points:766,420 Joined:May 2001	Message Posted: Jul 23, 2010 12:17:00 AM Ignore applejoe Report Abuse When will the speculators start spending some of their money that they are stealing from us?
YLHandyman Champion Author Orange County Posts:5,560 Points:1,047,810 Joined:Feb 2008	Message Posted: Jul 23, 2010 12:16:17 AM Ignore YLHandyman Report Abuse Of course higher prices.
benjy Champion Author Chicago Posts:8,604 Points:1,790,485 Joined:Nov 2003	Message Posted: Jul 23, 2010 12:15:28 AM Ignore benjy Report Abuse Why of course...
PetroScopper Champion Author Houston Posts:6,634 Points:1,552,840 Joined:Aug 2008	Message Posted: Jul 23, 2010 12:11:29 AM Ignore PetroScopper Report Abuse What doesn't point to higher gas prices?? If it rains for 3 days in a row, the prices will go up!
pgerassi Champion Author Milwaukee Posts:10,911 Points:2,134,530 Joined:Apr 2007	Message Posted: Jul 23, 2010 12:09:24 AM Ignore pgerassi Report Abuse Hit speculators with 90% tax rates. That will slow them down.
Number43 Champion Author Lexington Posts:8,708 Points:1,640,120 Joined:Oct 2008	Message Posted: Jul 23, 2010 12:04:45 AM Ignore Number43 Report Abuse The price will go up.
Bubba44612 Champion Author Ohio Posts:7,411 Points:1,880,005 Joined:Aug 2005	Message Posted: Jul 23, 2010 12:04:33 AM Ignore Bubba44612 Report Abuse We are being screwed right now cause it might be a bad hurricane season. When it happens they just tighten their screws a little bit more.
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Jul 23, 2010 12:00:44 AM Ignore 96sc1 Report Abuse Good one, Motodometer!
Motodometer Sophomore Author Washington Posts:166 Points:260,595 Joined:Mar 2009	Message Posted: Jul 22, 2010 11:59:54 PM Ignore Motodometer Report Abuse When Dr. Dre gets depressed.
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Jul 22, 2010 11:56:10 PM Ignore joel27nc Report Abuse Gotta love the speculators, NOT!
HailstormCA Champion Author San Diego Posts:7,860 Points:1,472,995 Joined:Nov 2008	Message Posted: Jul 22, 2010 11:54:18 PM Ignore HailstormCA Report Abuse Just waiting for the excuse to raise prices.
bigles Sophomore Author Detroit Posts:213 Points:294,420 Joined:Oct 2009	Message Posted: Jul 22, 2010 11:41:41 PM Ignore bigles Report Abuse too bad consumers don't get any relief at the pump when gas prices drop at the barrel level.
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,904,930 Joined:Jul 2007	Message Posted: Jul 22, 2010 11:35:05 PM Ignore Rageagainsttm Report Abuse Anything for them to raise the price of gas.
Huskersed All-Star Author Atlanta Posts:703 Points:337,950 Joined:Nov 2008	Message Posted: Jul 22, 2010 11:33:24 PM Ignore Huskersed Report Abuse Definitely going to halt the cleanup process in the gulf area
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Jul 22, 2010 11:32:42 PM Ignore CobraLeader Report Abuse ... That's really funny, raising gas prices before and IF the storm arrives. ... ... I guess it's the Speculators getting richer. ... ... When will the politicians decide to regulate the Speculators??? ... ... November 3rd, 2010. The Day after all the "care less" legislators are VOTED OUT of their Office. ... [Edited by: CobraLeader at 7/23/2010 12:37:21 AM EST]
TBONE3 Champion Author Pennsylvania Posts:8,761 Points:1,979,575 Joined:Mar 2005	Message Posted: Jul 22, 2010 11:32:35 PM Ignore TBONE3 Report Abuse Should this "depression" develop and target the spill area, it will most certainly give the engineers an answer to how well the spill prevention system holds up and just how the oil moves and mixes while the seas are rough. Lets hope we learn from this storm (if it strikes the area) and then work with the aftermath for study. Gas prices are not that critical as what happens out there.
camel1 Champion Author Minnesota Posts:8,280 Points:2,268,565 Joined:Jul 2006	Message Posted: Jul 22, 2010 11:26:33 PM Ignore camel1 Report Abuse This is the stuff that fuels speculation by the untrained and usually results in a price increase followed by a sudden drop as the untrained speculator losses everything
CumminsFanOH Champion Author Columbus Posts:1,670 Points:827,990 Joined:Jan 2009	Message Posted: Jul 22, 2010 11:24:25 PM Ignore CumminsFanOH Report Abuse Sounds like a self fulfilling prophesy.
915Chief Champion Author San Antonio Posts:6,091 Points:1,226,295 Joined:Aug 2008	Message Posted: Jul 22, 2010 11:24:15 PM Ignore 915Chief Report Abuse who wrote this, a speculator?
Bonito Champion Author Dayton Posts:15,766 Points:3,009,845 Joined:Jun 2004	Message Posted: Jul 22, 2010 11:22:32 PM Ignore Bonito Report Abuse GREED RAISES PRICES! It is just time for the rich to lay their money down for another PROFIT Run!
Gary65 Champion Author Toronto Posts:1,703 Points:785,595 Joined:Jan 2009	Message Posted: Jul 22, 2010 11:22:28 PM Ignore Gary65 Report Abuse Thats all this economy needs, higher gas prices.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 22, 2010 11:19:43 PM Ignore tedjm1 Report Abuse Weather in the ocean, especially hurricanes, stop deep water oil. This automatically into rising prices.
Blue_Cruzer Champion Author Lexington Posts:7,530 Points:1,671,535 Joined:Mar 2007	Message Posted: Jul 22, 2010 11:12:56 PM Ignore Blue_Cruzer Report Abuse Sounds like lame excuse for raising prices.
LoneGuy Champion Author Lansing Posts:8,490 Points:2,319,945 Joined:Aug 2005	Message Posted: Jul 22, 2010 11:06:29 PM Ignore LoneGuy Report Abuse Folks need jobs to pay higher fees. That dept of Ag gal had a point. Obama knows little about the real life in America.
bababooey2 Champion Author Hartford Posts:6,362 Points:1,304,790 Joined:Sep 2009	Message Posted: Jul 22, 2010 11:02:33 PM Ignore bababooey2 Report Abuse Any excuse for them to screw over the American public. I'm getting tried of it , how about you?
rjhenn Champion Author Des Moines Posts:22,459 Points:2,231,875 Joined:Aug 2005	Message Posted: Jul 22, 2010 10:57:44 PM Ignore rjhenn Report Abuse Yes, we need to raise gas prices and nip any modest recovery in the bud.
SBlouch Champion Author San Antonio Posts:8,740 Points:1,861,290 Joined:Apr 2007	Message Posted: Jul 22, 2010 10:56:15 PM Ignore SBlouch Report Abuse It all depends on how strong it will be and if it intensifies in strength.
OilHo Champion Author Ontario Posts:10,779 Points:2,104,345 Joined:Jul 2006	Message Posted: Jul 22, 2010 10:54:31 PM Ignore OilHo Report Abuse There in no oil shortage.
faulkc05 All-Star Author Atlanta Posts:660 Points:274,290 Joined:Jun 2008	Message Posted: Jul 22, 2010 10:49:50 PM Ignore faulkc05 Report Abuse As if the prices of gasoline at the pumps aren't high enough already.
Ticoman54 Champion Author Miami Posts:7,051 Points:1,494,495 Joined:Oct 2008	Message Posted: Jul 22, 2010 10:43:11 PM Ignore Ticoman54 Report Abuse Excuses to raise gas prices are always in abundant supply.
danreino Champion Author Twin Cities Posts:8,363 Points:1,542,680 Joined:Mar 2008	Message Posted: Jul 22, 2010 10:39:50 PM Ignore danreino Report Abuse I agree with abcdMA from Worcester.
TMSMO All-Star Author Tennessee Posts:520 Points:94,055 Joined:Aug 2009	Message Posted: Jul 22, 2010 10:39:49 PM Ignore TMSMO Report Abuse Whats new ?
judgemobile Champion Author Ohio Posts:7,585 Points:2,448,060 Joined:Nov 2005	Message Posted: Jul 22, 2010 10:38:37 PM Ignore judgemobile Report Abuse Wednesday, 10:30 AM Eastern Time EIA releases weekly inventory figures. Gasoline supplies UP when DOWN was expected. Certainly justifes higher prices, right ? WRONG !!!
MidNJ Champion Author New Jersey Posts:7,568 Points:1,174,430 Joined:Sep 2009	Message Posted: Jul 22, 2010 10:28:49 PM Ignore MidNJ Report Abuse Altima, you posted, "Nobama would love nothing more for us to pay $4 a gallon for gas and give us that stupid look and tell us that this country is running smooth! Yes, Yes, it is all about Obamabad (Copyright MidNJ) Obamabad (rhymes with Baghdad) is a bad man and all problems we face must point to him!!!!
Focus2 Champion Author Illinois Posts:7,896 Points:1,920,520 Joined:Mar 2006	Message Posted: Jul 22, 2010 10:26:42 PM Ignore Focus2 Report Abuse Traders are focusing on upbeat earnings? How about a little gouging?
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: Jul 22, 2010 10:16:22 PM Ignore abcdMA Report Abuse a snowstorm is developing and will be fully formed in the next 5 months that will affect the oil transport areas of the midwest. Prices will be adjusted appropriately immediatley