Follow us on...
Follow us on Twitter Follow us on Facebook Watch us on YouTube
Results 1 to 3 of 3
  1. #1
    Atomic Punk
    Join Date
    somewhere over the rainbow
    Last Online

    10.21.16 @ 05:54 AM
    Liked 773 Times in 309 Posts

    Default Oil prices drop after disappointing jobs report

    NEW YORK — Oil prices fell below $88 Friday after the government reported that the U.S. economy continues to add jobs, although not at the pace many experts had hoped for.

    The economy added 103,000 jobs in December and figures for October and November were revised upward. More jobs means more cars will join the morning commute, which should boost gasoline consumption in the U.S., experts said.

    Those who are commuting are paying the highest price for gas in the month of January since paying around $3.11 a gallon on this date in 2008. The national average is now about $3.083 per gallon.

    That's because oil prices rose 22 percent from Labor Day through the end of the year. Although oil prices declined this week, they did hit a two-year high on the first day of trading in 2011. And pump prices still went up a penny. Despite the drop in oil, many experts think the price of a barrel will surpass $100 this year. And gas prices generally rise between the start of the year and Memorial Day.

    Benchmark crude for February delivery declined $1.10 to $87.28 per barrel on the New York Mercantile Exchange.

    Retail pump prices added less than a penny overnight to a new national average of $3.083 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is 11.5 cents more expensive than the same time last month and 37.4 cents higher than it was last year.

    OPIS said that if gasoline follows historic trends, then they should rise to more than $4 per gallon in at least 15 states by Memorial Day.

    In other Nymex trading for February contracts, heating oil fell 3.95 cents to $2.4775 and gasoline futures dropped 4.15 cents to $2.4015 per gallon. Natural gas gave up 6 cents to $4.374 per 1,000 cubic feet. In London, Brent crude lost 49 cents at $94.03 per barrel.
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  2. #2
    Eruption Naked Wake's Avatar
    Join Date
    Oakland Ca
    Favorite VH Album

    Diver Down
    Favorite VH Song

    I'm the One
    Last Online

    09.29.16 @ 11:24 AM
    Liked 9 Times in 7 Posts


    I think we're gonna hit $4 per gallon of gas though by summer. Usually gas goes up until close to election time, but I think this is the highest gas has been several years before an election

  3. #3
    Atomic Punk Raldo's Avatar
    Join Date
    Cromwell, CT USA
    Favorite VH Song

    Ain't Talkin' 'Bout Love
    Last Online

    10.21.16 @ 05:48 AM
    Liked 850 Times in 525 Posts


    Glad to see that the heating oil went down.
    Remember the Heroes - 9/11/01

    In 2012, the phoenix has risen!!

    "High speed, low drag."

    "Look at all the people here tonight!!!" - 10/5/07, 5/20/08 Mohegan Sun

    Congratulations to Van Halen as part of the Class of 2007 Rock and Roll Hall of Fame!

    Cinco de Cabo @ Foxwoods: "A giant party with live music" - S. Hagar

    got tequila?



Similar Threads

  1. Gas prices and Oil prices thread (merged)
    By Bob_R in forum VH Fans Meeting Place (Non-Music)
    Replies: 763
    Last Post: 12.01.15, 11:58 AM
  2. Boob Jobs without surgery . . . .
    By The Rover in forum VH Fans Meeting Place (Non-Music)
    Replies: 1
    Last Post: 07.02.10, 07:59 PM
  3. $500M Jobs Program — for the Taliban?
    By voivod in forum VH Fans Meeting Place (Non-Music)
    Replies: 5
    Last Post: 01.28.10, 03:01 PM
  4. Gas prices drop 15 cents in 2 weeks: survey
    By ZeoBandit in forum VH Fans Meeting Place (Non-Music)
    Replies: 53
    Last Post: 09.25.06, 06:19 AM
  5. America's most dangerous jobs
    By ZeoBandit in forum VH Fans Meeting Place (Non-Music)
    Replies: 2
    Last Post: 08.17.06, 09:01 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts