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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:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Oct 4, 2012 12:00:36 AM Ignore honda0105 Report Abuse I agree.. way too high.
zaq001 Champion Author Atlanta Posts:3,985 Points:1,474,050 Joined:Oct 2008	Message Posted: Sep 26, 2012 3:00:22 PM Ignore zaq001 Report Abuse Still at least $20 too high
nickatnite Veteran Author Indianapolis Posts:370 Points:279,465 Joined:May 2012	Message Posted: Sep 26, 2012 1:36:43 PM Ignore nickatnite Report Abuse ok
Tehbob Champion Author California Posts:2,296 Points:457,605 Joined:Jan 2012	Message Posted: Sep 26, 2012 12:11:29 PM Ignore Tehbob Report Abuse YEP!
geezrtek Champion Author Michigan Posts:1,912 Points:431,960 Joined:Apr 2011	Message Posted: Sep 26, 2012 11:46:41 AM Ignore geezrtek Report Abuse Sad that we are happy about $91 oil.
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,053,220 Joined:Oct 2008	Message Posted: Sep 26, 2012 11:44:21 AM Ignore RapMassaG Report Abuse 12 cents..
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,053,220 Joined:Oct 2008	Message Posted: Sep 26, 2012 11:44:08 AM Ignore RapMassaG Report Abuse Make that 10 cents. Up 2 cents in 2 minutes.
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,053,220 Joined:Oct 2008	Message Posted: Sep 26, 2012 11:42:46 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:2,049 Points:397,585 Joined:May 2011	Message Posted: Sep 26, 2012 11:34:55 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:5,576 Points:1,616,870 Joined:Sep 2005	Message Posted: Sep 26, 2012 11:32:41 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:7,432 Points:1,473,145 Joined:Oct 2008	Message Posted: Sep 26, 2012 10:53:22 AM Ignore NorthglennBill Report Abuse Be nice to see the price of gasoline drop now.
Sneakers55 Champion Author Houston Posts:51,310 Points:2,144,130 Joined:Nov 2005	Message Posted: Sep 26, 2012 10:46:37 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:9,677 Points:2,620,605 Joined:Mar 2005	Message Posted: Sep 26, 2012 10:36:16 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:1,665 Points:348,715 Joined:Nov 2011	Message Posted: Sep 26, 2012 10:34:43 AM Ignore TBecker1415 Report Abuse ok
snakebitef22 Veteran Author Corpus Christi Posts:447 Points:31,520 Joined:Mar 2009	Message Posted: Sep 26, 2012 10:28:11 AM Ignore snakebitef22 Report Abuse Before Obama gets run out of office you mean....
arnerator Champion Author Seattle Posts:8,184 Points:1,618,140 Joined:Sep 2008	Message Posted: Sep 26, 2012 10:27:56 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:4,157 Points:772,855 Joined:Feb 2011	Message Posted: Sep 26, 2012 10:27:24 AM Ignore scu227 Report Abuse Come on down and down some more !!!
techque Champion Author St. Louis Posts:8,660 Points:2,420,605 Joined:Apr 2005	Message Posted: Sep 26, 2012 10:25:20 AM Ignore techque Report Abuse but gasoline is still 140¢/gallon higher than two years ago.
BigOyl All-Star Author Wichita Posts:892 Points:351,005 Joined:Apr 2012	Message Posted: Sep 26, 2012 10:24:41 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:5,374 Points:1,149,715 Joined:Jan 2010	Message Posted: Sep 26, 2012 10:24:38 AM Ignore dacofa Report Abuse As prices rise at the pumps, film at 11
snakebitef22 Veteran Author Corpus Christi Posts:447 Points:31,520 Joined:Mar 2009	Message Posted: Sep 26, 2012 10:23:00 AM Ignore snakebitef22 Report Abuse $3.32 in texas
Diesel_Ram Champion Author Dallas Posts:6,507 Points:1,519,435 Joined:Jan 2009	Message Posted: Sep 26, 2012 10:22:57 AM Ignore Diesel_Ram Report Abuse Pump prices have hardly moved.
nskmda Champion Author Grand Rapids Posts:1,290 Points:787,530 Joined:May 2007	Message Posted: Sep 26, 2012 10:22:34 AM Ignore nskmda Report Abuse so what? gas doesn't drop...
snakebitef22 Veteran Author Corpus Christi Posts:447 Points:31,520 Joined:Mar 2009	Message Posted: Sep 26, 2012 10:22:27 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:5,760 Points:1,142,810 Joined:Jan 2010	Message Posted: Sep 26, 2012 10:22:05 AM Ignore rippertoo Report Abuse Whatever.
tomklo Champion Author Fort Worth Posts:2,447 Points:2,595,495 Joined:Jul 2002	Message Posted: Sep 26, 2012 10:21:59 AM Ignore tomklo Report Abuse ok
dlzastera Champion Author Minnesota Posts:4,515 Points:1,024,320 Joined:Mar 2006	Message Posted: Sep 26, 2012 10:21:54 AM Ignore dlzastera Report Abuse and prices for gas are at $3.90 a gallon.
Holly123 Champion Author Charlotte Posts:3,205 Points:791,145 Joined:Dec 2010	Message Posted: Sep 26, 2012 10:20:14 AM Ignore Holly123 Report Abuse It's sickening.
dirtydiesel10 Champion Author Colorado Springs Posts:1,162 Points:232,460 Joined:Dec 2010	Message Posted: Sep 26, 2012 10:20:01 AM Ignore dirtydiesel10 Report Abuse It will not be lowest at the pump
VernonOR Champion Author Oregon Posts:2,920 Points:738,845 Joined:Aug 2010	Message Posted: Sep 26, 2012 10:19:26 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 10:19:13 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:2,495 Points:522,155 Joined:Jun 2011	Message Posted: Sep 26, 2012 10:19:12 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:3,140 Points:1,801,840 Joined:Oct 2006	Message Posted: Sep 26, 2012 10:19:12 AM Ignore tauro514 Report Abuse good.
Black Wagon Champion Author Illinois Posts:7,317 Points:1,802,995 Joined:Mar 2004	Message Posted: Sep 26, 2012 10:19:11 AM Ignore Black Wagon Report Abuse That's why our gas went up to $3.99 on Monday.
INBwana Champion Author Indiana Posts:5,467 Points:696,960 Joined:Apr 2011	Message Posted: Sep 26, 2012 10:18:57 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:3,979 Points:786,605 Joined:Mar 2011	Message Posted: Sep 26, 2012 10:17:55 AM Ignore bart_reed Report Abuse Well, gas will go down 2 cents next month!
Cellsite Champion Author Appleton Posts:1,231 Points:287,885 Joined:Jun 2012	Message Posted: Sep 26, 2012 10:17:42 AM Ignore Cellsite Report Abuse Crude settles down, Gasoline prices keep settling up.
truckpdlr Champion Author Tucson Posts:2,951 Points:1,096,885 Joined:Sep 2009	Message Posted: Sep 26, 2012 10:15:38 AM Ignore truckpdlr Report Abuse Crude prices come on down
Red7002011 Champion Author Mississippi Posts:3,332 Points:669,470 Joined:Jul 2011	Message Posted: Sep 26, 2012 10:15:36 AM Ignore Red7002011 Report Abuse Really!
greenfog Champion Author Illinois Posts:6,495 Points:1,639,995 Joined:Feb 2008	Message Posted: Sep 26, 2012 10:15:14 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:996 Points:481,705 Joined:Jun 2011	Message Posted: Sep 26, 2012 10:14:48 AM Ignore stopforgas Report Abuse So why is gasoline still high? When crude goes up, gasoline jumps immediately.
midnightsdc Champion Author Ontario Posts:2,304 Points:1,484,290 Joined:Jan 2007	Message Posted: Sep 26, 2012 10:13:23 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 10:12:42 AM Ignore inspiretl Report Abuse need it lower
nanu4u21 Champion Author Orange County Posts:1,108 Points:239,760 Joined:Aug 2012	Message Posted: Sep 26, 2012 10:12:02 AM Ignore nanu4u21 Report Abuse Hardly care anymore
RUNNINONEMPTYFL Champion Author Florida Posts:1,408 Points:460,700 Joined:May 2011	Message Posted: Sep 26, 2012 10:11:18 AM Ignore RUNNINONEMPTYFL Report Abuse Here we go again...
Guapo29 All-Star Author Michigan Posts:607 Points:78,115 Joined:Jan 2010	Message Posted: Sep 26, 2012 10:10:21 AM Ignore Guapo29 Report Abuse And gasoline settle up to $3.96 per gallon!!!!
niceguytx Champion Author Houston Posts:13,701 Points:2,714,485 Joined:Sep 2005	Message Posted: Sep 26, 2012 10:10:17 AM Ignore niceguytx Report Abuse That is great!
OaklandInvaders Champion Author San Jose Posts:2,351 Points:568,555 Joined:Jul 2011	Message Posted: Sep 26, 2012 10:09:48 AM Ignore OaklandInvaders Report Abuse Great!!! I'm carpooling to work doing my part!!!!!
zdcatc12 Champion Author Jacksonville Posts:2,147 Points:786,590 Joined:Nov 2010	Message Posted: Sep 26, 2012 10:09:36 AM Ignore zdcatc12 Report Abuse Don't count on prices to follow.
JohnLM Champion Author Orlando Posts:1,039 Points:530,715 Joined:May 2010	Message Posted: Sep 26, 2012 10:08:39 AM Ignore JohnLM Report Abuse Drill more. Whine less. It oughta be down to $50 a barrel.