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GasBuddy News Article

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Oil down slightly after storm forecast downgrade

The Associated Press -- PAMELA SAMPSON
Published: August 27th, 2012 09:13 PM
Last Modified: August 27th, 2012 09:30 PM

BANGKOK (AP) - Oil prices remained stable Tuesday as the threat to production in the Gulf of Mexico from Tropical Storm Isaac appeared to lessen.

Forecasts for Isaac have been toned down, easing concerns that the storm could damage key oil and gas operations along the U.S. Gulf Coast.

Weather forecasters now say the storm will grow to a Category 1 hurricane instead of a stronger Category 2.

Although the storm isn't expected to damage refineries, refinery owners often shut down operations in advance of a storm. The refineries will likely stay off line for about three days.

Benchmark oil for October delivery was down 5 cents in midday Bangkok time to $95.42 per barrel in electronic trading

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Submitted Aug 28, 2012 By: Nitewolf
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markiesm
Rookie Author Fort Worth

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Message Posted: Aug 29, 2012 6:45:37 PM
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What's new.. I go to the bathroom and that makes prices jump. BS!
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bindox
Sophomore Author Chico

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Message Posted: Aug 29, 2012 8:57:19 AM
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Oil down, gas up. Nothing new.
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5kvdave
All-Star Author Los Angeles

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Message Posted: Aug 28, 2012 7:57:15 PM
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YA WHATEVER !!!!!
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outlaw329
Champion Author Austin

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Message Posted: Aug 28, 2012 7:20:49 PM
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Weather forcasters have to build drama into these things and we have to pay for their lack of knowledge!
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J4romeo
All-Star Author Gary

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Message Posted: Aug 28, 2012 6:51:25 PM
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it was never going to be stronger then Cat 1...just a sad way to raise the price as the price for gas was down but still caused it to go up here .30cents...:(
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JimVP
All-Star Author Chicago

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Message Posted: Aug 28, 2012 6:21:29 PM
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Station where gas was purchased last weekend is still 14 cents more per gallon today.
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rollercoaster
All-Star Author Hartford

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Message Posted: Aug 28, 2012 6:17:50 PM
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ok
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Dodge_Me
Champion Author Atlanta

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Message Posted: Aug 28, 2012 6:16:32 PM
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Just went up yesterday .10 to 3.96
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dwh724
Champion Author Pittsburgh

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Message Posted: Aug 28, 2012 6:15:52 PM
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okay
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Dodge_Me
Champion Author Atlanta

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Message Posted: Aug 28, 2012 6:15:34 PM
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Gee, do we get a refund for the high prices they hit us with while expecting the storm
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boatfloyd
Champion Author Jacksonville

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Message Posted: Aug 28, 2012 6:10:44 PM
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Chevron went down a little :).
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rahcat
Champion Author Grand Rapids

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Message Posted: Aug 28, 2012 6:10:24 PM
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Really????????? Prices up to $4.09-$4.19 here.
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KrsnaDragon
Champion Author Montreal

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Message Posted: Aug 28, 2012 6:08:51 PM
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Speculation breeds despair.
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12766
Champion Author New York

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Message Posted: Aug 28, 2012 6:08:47 PM
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OK
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Colts13
Champion Author Indiana

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Message Posted: Aug 28, 2012 6:07:42 PM
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Ok.
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Toppers
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Message Posted: Aug 28, 2012 6:06:54 PM
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Like
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gd83goldwinger
Champion Author South Bend

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Message Posted: Aug 28, 2012 6:06:41 PM
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ok
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heartbroken2010
Champion Author Ottawa

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Message Posted: Aug 28, 2012 6:06:22 PM
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Really ? funny cus the price just went up to $1.30.1 CDN per litre up here @ exactly midnight.
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stratlinetime
Champion Author Kalamazoo

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Message Posted: Aug 28, 2012 6:05:32 PM
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Ok
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bpj13
Champion Author North Carolina

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Message Posted: Aug 28, 2012 6:05:16 PM
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Not here.
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batman2010
Champion Author Toronto

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Message Posted: Aug 28, 2012 6:04:57 PM
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imagine that
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ricebike
Champion Author New Jersey

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Message Posted: Aug 28, 2012 6:04:45 PM
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and yet gas prices are still rising...
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regout
Champion Author Quebec

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Message Posted: Aug 28, 2012 6:03:56 PM
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Is that true?
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TheeRedRam
Champion Author Hartford

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Message Posted: Aug 28, 2012 6:03:20 PM
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.
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Geo4564
Champion Author Nevada

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Message Posted: Aug 28, 2012 6:02:43 PM
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Go figure??
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TheeRedRam
Champion Author Hartford

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Message Posted: Aug 28, 2012 6:02:40 PM
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.
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robaloma
Champion Author Houston

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Message Posted: Aug 28, 2012 6:02:01 PM
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great
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maczeeone
Rookie Author Atlanta

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Message Posted: Aug 28, 2012 5:59:54 PM
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oil down... gasoline up... AGAIN!!!
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big_mac64
Champion Author Tennessee

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Message Posted: Aug 28, 2012 5:59:13 PM
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Yes...maybe was stable Tues...so what caused the 14 cent avg increase here today????
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camel1
Champion Author Minnesota

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Message Posted: Aug 28, 2012 5:57:58 PM
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It needs to drop back to May price ranges
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SHEP20715
Champion Author Maryland

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Message Posted: Aug 28, 2012 5:57:11 PM
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ok
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Jeeputtputt
Champion Author Ohio

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Message Posted: Aug 28, 2012 5:56:03 PM
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WRONG...
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vibdata
Champion Author Massachusetts

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Message Posted: Aug 28, 2012 5:54:47 PM
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This story is from Bangkok. I guess they want to rip you off too. Speculators worldwide want your money. And will do anything to get it.
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Bonito
Champion Author Dayton

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Message Posted: Aug 28, 2012 5:52:04 PM
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It is just all BULL! The Rich are fixing the prices for their gain of huge profits.
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DriverofRed
Champion Author Calgary

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Message Posted: Aug 28, 2012 5:49:54 PM
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k
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FunMyster
All-Star Author Indiana

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Message Posted: Aug 28, 2012 5:49:25 PM
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The speculators for gas and oil will still make the extra money.
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bvrbill
Champion Author Eugene

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Message Posted: Aug 28, 2012 5:49:15 PM
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Don't expect fuel prices to drop. If not Isaac, then they will make up another reason to keep increasing prices.
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mstearno
Champion Author Dayton

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Message Posted: Aug 28, 2012 5:46:29 PM
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not enough
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DCbeachbum
Champion Author South Carolina

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Message Posted: Aug 28, 2012 5:45:46 PM
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This news came from a reporter in Bangkok? I think some one from some were from....oh... say....... THE UNITED STATES, would be a little better informed wouldn't you?
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BMWer
Champion Author Calgary

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Message Posted: Aug 28, 2012 5:44:39 PM
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That's right...jack it up a bundle on speculation of how strong the storm will be...then drop it back a little when the storm gets downgraded...
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beachmanglen
All-Star Author Tampa

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Message Posted: Aug 28, 2012 5:42:22 PM
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Down today, up tomorrow.
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clermont40miles
Champion Author Cincinnati

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Message Posted: Aug 28, 2012 5:41:27 PM
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The legal robbery at the pump continues.
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mrbee
Champion Author Little Rock

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Message Posted: Aug 28, 2012 5:41:22 PM
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Jumped up before the storm hit.
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firefly09
Champion Author San Diego

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Message Posted: Aug 28, 2012 5:39:49 PM
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Here we go again.
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bra0712
Champion Author Arizona

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Message Posted: Aug 28, 2012 5:37:34 PM
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Gas is still going up
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g747
Champion Author Mobile

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Message Posted: Aug 28, 2012 5:34:03 PM
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Yikes!!!!!!!!.
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skb69sa
Champion Author San Antonio

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Message Posted: Aug 28, 2012 5:33:30 PM
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From BANGKOK?
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petrpuck
All-Star Author Hamilton

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Message Posted: Aug 28, 2012 5:31:17 PM
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whew
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charladan
All-Star Author Virginia

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Message Posted: Aug 28, 2012 5:29:19 PM
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good thing
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dchiou
Champion Author San Jose

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Message Posted: Aug 28, 2012 5:28:54 PM
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not going to hold my breathe
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