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Crude Settles Down at $91.37 a Barrel, Lowest Since Aug. 2

Rig Zone -- Crude-oil futures settled Tuesday at a near-two-month low of $91.37 a barrel amid concerns over weak demand and rising inventories.

Prices shed early strong gains above $93 a barrel, as a jump in U.S. consumer confidence failed to hold buyers' interest in a market expecting another rise in already high U.S. oil inventories.

Crude hit its session low of $91.10 a barrel late in the final hour of trading after Federal Reserve Bank of Philadelphia President Charles Plosser expressed doubts that the Fed's new bond-buying program would stimulate economic recovery, and losses in equities deepened. Mr. Plosser, a longtime policy hawk, isn't a 2012 member of the Fed's policy-making board, but his comments played into market doubts about the prospects for economic recovery.

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Submitted Sep 26, 2012 By: mastermariner

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Oct 3, 2012 11:00:36 PM Ignore honda0105 Report Abuse I agree.. way too high.
zaq001 Champion Author Atlanta Posts:3,965 Points:1,470,150 Joined:Oct 2008	Message Posted: Sep 26, 2012 2:00:22 PM Ignore zaq001 Report Abuse Still at least $20 too high
nickatnite Veteran Author Indianapolis Posts:370 Points:276,465 Joined:May 2012	Message Posted: Sep 26, 2012 12:36:43 PM Ignore nickatnite Report Abuse ok
Tehbob Champion Author California Posts:2,281 Points:454,680 Joined:Jan 2012	Message Posted: Sep 26, 2012 11:11:29 AM Ignore Tehbob Report Abuse YEP!
geezrtek Champion Author Michigan Posts:1,891 Points:429,560 Joined:Apr 2011	Message Posted: Sep 26, 2012 10:46:41 AM Ignore geezrtek Report Abuse Sad that we are happy about $91 oil.
RapMassaG Champion Author Cincinnati Posts:2,611 Points:1,049,790 Joined:Oct 2008	Message Posted: Sep 26, 2012 10:44:21 AM Ignore RapMassaG Report Abuse 12 cents..
RapMassaG Champion Author Cincinnati Posts:2,611 Points:1,049,790 Joined:Oct 2008	Message Posted: Sep 26, 2012 10:44:08 AM Ignore RapMassaG Report Abuse Make that 10 cents. Up 2 cents in 2 minutes.
RapMassaG Champion Author Cincinnati Posts:2,611 Points:1,049,790 Joined:Oct 2008	Message Posted: Sep 26, 2012 10:42:46 AM Ignore RapMassaG Report Abuse Market snapshot: Right now, oil is down $1.81, yet gas(RBOB) is UP 8 cents. Thanks Goldman Sachs and JP Morgan. [Edited by: RapMassaG at 9/26/2012 11:43:35 AM EST]
treehood Champion Author San Diego Posts:2,029 Points:393,835 Joined:May 2011	Message Posted: Sep 26, 2012 10:34:55 AM Ignore treehood Report Abuse I hope to see lower prices but I am not expecting them to drop below $3.50 any time soon in my area.
Zeke33 Champion Author New Hampshire Posts:5,564 Points:1,613,905 Joined:Sep 2005	Message Posted: Sep 26, 2012 10:32:41 AM Ignore Zeke33 Report Abuse Keep settling. Gas Buddy says gas prices are falling. My question is where? Not around here.
NorthglennBill Champion Author Denver Posts:7,417 Points:1,470,120 Joined:Oct 2008	Message Posted: Sep 26, 2012 9:53:22 AM Ignore NorthglennBill Report Abuse Be nice to see the price of gasoline drop now.
Sneakers55 Champion Author Houston Posts:51,263 Points:2,141,000 Joined:Nov 2005	Message Posted: Sep 26, 2012 9:46:37 AM Ignore Sneakers55 Report Abuse On Sep 26, 2012 9:28:11 AM, snakebitef22 wrote: >Before Obama gets run out of office you mean.... I'm not voting for him, but Obama now has a lead in every single one of the swing states.
Don20 Champion Author Oklahoma City Posts:9,657 Points:2,616,705 Joined:Mar 2005	Message Posted: Sep 26, 2012 9:36:16 AM Ignore Don20 Report Abuse Oil should be about $30 a barrel, and gas at pump $1.50.. Lets face it the high price for gas is killing any recovery in the economy.. If it does not stop soon we are going to be in a deep depression... Remember this when you vote Nov 6..... [Edited by: Don20 at 9/26/2012 10:38:13 AM EST]
TBecker1415 Champion Author Missouri Posts:1,660 Points:347,640 Joined:Nov 2011	Message Posted: Sep 26, 2012 9:34:43 AM Ignore TBecker1415 Report Abuse ok
snakebitef22 Veteran Author Corpus Christi Posts:445 Points:31,255 Joined:Mar 2009	Message Posted: Sep 26, 2012 9:28:11 AM Ignore snakebitef22 Report Abuse Before Obama gets run out of office you mean....
arnerator Champion Author Seattle Posts:8,169 Points:1,615,215 Joined:Sep 2008	Message Posted: Sep 26, 2012 9:27:56 AM Ignore arnerator Report Abuse Where are the price drops ?? As usual, quick to go up, sloooooow to come down. Ripoff !!!!!
scu227 Champion Author New Haven Posts:4,135 Points:768,955 Joined:Feb 2011	Message Posted: Sep 26, 2012 9:27:24 AM Ignore scu227 Report Abuse Come on down and down some more !!!
techque Champion Author St. Louis Posts:8,640 Points:2,418,205 Joined:Apr 2005	Message Posted: Sep 26, 2012 9:25:20 AM Ignore techque Report Abuse but gasoline is still 140¢/gallon higher than two years ago.
BigOyl All-Star Author Wichita Posts:877 Points:346,480 Joined:Apr 2012	Message Posted: Sep 26, 2012 9:24:41 AM Ignore BigOyl Report Abuse The oil companies are going to get every penny they can before Oblamer drives them out of business...
dacofa Champion Author Nevada Posts:5,371 Points:1,147,030 Joined:Jan 2010	Message Posted: Sep 26, 2012 9:24:38 AM Ignore dacofa Report Abuse As prices rise at the pumps, film at 11
snakebitef22 Veteran Author Corpus Christi Posts:445 Points:31,255 Joined:Mar 2009	Message Posted: Sep 26, 2012 9:23:00 AM Ignore snakebitef22 Report Abuse $3.32 in texas
Diesel_Ram Champion Author Dallas Posts:6,487 Points:1,515,535 Joined:Jan 2009	Message Posted: Sep 26, 2012 9:22:57 AM Ignore Diesel_Ram Report Abuse Pump prices have hardly moved.
nskmda Champion Author Grand Rapids Posts:1,270 Points:785,030 Joined:May 2007	Message Posted: Sep 26, 2012 9:22:34 AM Ignore nskmda Report Abuse so what? gas doesn't drop...
snakebitef22 Veteran Author Corpus Christi Posts:445 Points:31,255 Joined:Mar 2009	Message Posted: Sep 26, 2012 9:22:27 AM Ignore snakebitef22 Report Abuse Don't think so they will go down when exon has has no presidential allie...
rippertoo Champion Author Tacoma Posts:5,740 Points:1,138,910 Joined:Jan 2010	Message Posted: Sep 26, 2012 9:22:05 AM Ignore rippertoo Report Abuse Whatever.
tomklo Champion Author Fort Worth Posts:2,447 Points:2,592,495 Joined:Jul 2002	Message Posted: Sep 26, 2012 9:21:59 AM Ignore tomklo Report Abuse ok
dlzastera Champion Author Minnesota Posts:4,495 Points:1,020,420 Joined:Mar 2006	Message Posted: Sep 26, 2012 9:21:54 AM Ignore dlzastera Report Abuse and prices for gas are at $3.90 a gallon.
Holly123 Champion Author Charlotte Posts:3,187 Points:787,285 Joined:Dec 2010	Message Posted: Sep 26, 2012 9:20:14 AM Ignore Holly123 Report Abuse It's sickening.
dirtydiesel10 Champion Author Colorado Springs Posts:1,162 Points:232,360 Joined:Dec 2010	Message Posted: Sep 26, 2012 9:20:01 AM Ignore dirtydiesel10 Report Abuse It will not be lowest at the pump
VernonOR Champion Author Oregon Posts:2,900 Points:735,445 Joined:Aug 2010	Message Posted: Sep 26, 2012 9:19:26 AM Ignore VernonOR Report Abuse High price at the pump are here to stay.
driveonby1 Champion Author Toledo Posts:1,507 Points:256,665 Joined:Jun 2007	Message Posted: Sep 26, 2012 9:19:13 AM Ignore driveonby1 Report Abuse But, watch the positive messages over the next five weeks; then, prices will speculate up...due to the election.
40mpgsaturn Champion Author Wisconsin Posts:2,480 Points:518,380 Joined:Jun 2011	Message Posted: Sep 26, 2012 9:19:12 AM Ignore 40mpgsaturn Report Abuse Now if gas would come down! We are .39 higher than last year & .61 higher than the July low!!
tauro514 Champion Author Connecticut Posts:3,130 Points:1,798,390 Joined:Oct 2006	Message Posted: Sep 26, 2012 9:19:12 AM Ignore tauro514 Report Abuse good.
Black Wagon Champion Author Illinois Posts:7,296 Points:1,799,845 Joined:Mar 2004	Message Posted: Sep 26, 2012 9:19:11 AM Ignore Black Wagon Report Abuse That's why our gas went up to $3.99 on Monday.
INBwana Champion Author Indiana Posts:5,425 Points:693,060 Joined:Apr 2011	Message Posted: Sep 26, 2012 9:18:57 AM Ignore INBwana Report Abuse It will go up again. Up and down, down an up. That is the norm.
bart_reed Champion Author Los Angeles Posts:3,959 Points:782,705 Joined:Mar 2011	Message Posted: Sep 26, 2012 9:17:55 AM Ignore bart_reed Report Abuse Well, gas will go down 2 cents next month!
Cellsite Champion Author Appleton Posts:1,223 Points:284,375 Joined:Jun 2012	Message Posted: Sep 26, 2012 9:17:42 AM Ignore Cellsite Report Abuse Crude settles down, Gasoline prices keep settling up.
truckpdlr Champion Author Tucson Posts:2,940 Points:1,093,290 Joined:Sep 2009	Message Posted: Sep 26, 2012 9:15:38 AM Ignore truckpdlr Report Abuse Crude prices come on down
Red7002011 Champion Author Mississippi Posts:3,317 Points:665,795 Joined:Jul 2011	Message Posted: Sep 26, 2012 9:15:36 AM Ignore Red7002011 Report Abuse Really!
greenfog Champion Author Illinois Posts:6,475 Points:1,636,095 Joined:Feb 2008	Message Posted: Sep 26, 2012 9:15:14 AM Ignore greenfog Report Abuse prices here have come down to 3.61 and holding, when they start holding then it means we are due for a price gouge. i am sure it will happen later today.
stopforgas All-Star Author Mississippi Posts:991 Points:479,130 Joined:Jun 2011	Message Posted: Sep 26, 2012 9:14:48 AM Ignore stopforgas Report Abuse So why is gasoline still high? When crude goes up, gasoline jumps immediately.
midnightsdc Champion Author Ontario Posts:2,294 Points:1,482,340 Joined:Jan 2007	Message Posted: Sep 26, 2012 9:13:23 AM Ignore midnightsdc Report Abuse Keep settling!!
inspiretl Veteran Author New Jersey Posts:417 Points:165,480 Joined:May 2012	Message Posted: Sep 26, 2012 9:12:42 AM Ignore inspiretl Report Abuse need it lower
nanu4u21 Champion Author Orange County Posts:1,088 Points:236,510 Joined:Aug 2012	Message Posted: Sep 26, 2012 9:12:02 AM Ignore nanu4u21 Report Abuse Hardly care anymore
RUNNINONEMPTYFL Champion Author Florida Posts:1,403 Points:459,625 Joined:May 2011	Message Posted: Sep 26, 2012 9:11:18 AM Ignore RUNNINONEMPTYFL Report Abuse Here we go again...
Guapo29 All-Star Author Michigan Posts:604 Points:77,855 Joined:Jan 2010	Message Posted: Sep 26, 2012 9:10:21 AM Ignore Guapo29 Report Abuse And gasoline settle up to $3.96 per gallon!!!!
niceguytx Champion Author Houston Posts:13,685 Points:2,710,810 Joined:Sep 2005	Message Posted: Sep 26, 2012 9:10:17 AM Ignore niceguytx Report Abuse That is great!
OaklandInvaders Champion Author San Jose Posts:2,335 Points:565,330 Joined:Jul 2011	Message Posted: Sep 26, 2012 9:09:48 AM Ignore OaklandInvaders Report Abuse Great!!! I'm carpooling to work doing my part!!!!!
zdcatc12 Champion Author Jacksonville Posts:2,147 Points:785,515 Joined:Nov 2010	Message Posted: Sep 26, 2012 9:09:36 AM Ignore zdcatc12 Report Abuse Don't count on prices to follow.
JohnLM Champion Author Orlando Posts:1,036 Points:527,280 Joined:May 2010	Message Posted: Sep 26, 2012 9:08:39 AM Ignore JohnLM Report Abuse Drill more. Whine less. It oughta be down to $50 a barrel.