WCCurtis

Champion Author
San Bernardino
Posts:2,823 Points:882,100 Joined:Oct 2005
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Message Posted: Mar 10, 2010 2:15:17 PM
Today, a barrel of Crude Oil closed up $.60 to $82.09.
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FuelBarge

Champion Author
Long Island
Posts:3,959 Points:1,060,390 Joined:Aug 2005
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Message Posted: Mar 10, 2010 9:35:09 AM
The only direction I see is up. China is consuming 5% more every year and our economy, though sputtering, will still continue to consume enough to keep prices rising.
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MUSTANGSRUS

Champion Author
Ontario
Posts:4,539 Points:962,295 Joined:Sep 2006
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Message Posted: Mar 10, 2010 7:25:12 AM
No one really knows where oil will go until it gets there.
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BeaverBilly

Champion Author
Alberta
Posts:4,789 Points:1,538,085 Joined:Feb 2003
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Message Posted: Mar 10, 2010 7:18:04 AM
Seems to go one way, UP!!!!!
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JimL1

Champion Author
Phoenix
Posts:2,944 Points:376,095 Joined:Jul 2003
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Message Posted: Mar 10, 2010 7:10:11 AM
Speculators are manipulators, not the only manipulators, but manipulators just the same.
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JimL1

Champion Author
Phoenix
Posts:2,944 Points:376,095 Joined:Jul 2003
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Message Posted: Mar 10, 2010 7:04:19 AM
Yes, I have been tracking speculator postings on this site for weeks. The least number of articles designed to increase speculation on any one day has been two. Today it is the highest ever with five out of five. Speculators tend to win more profits as more of those not deeply experienced in commodity speculation get into the game. It is very similar to a poker game in that respect. The new players/speculators normally get their clocks cleaned and the experienced players/speculators increase their winnings. Stirring up the frenzy of speculators increases the cost of fuel. Is this what we need on a site that is supposed to be dedicated to helping people find less expensive fuel?
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woodeye55

Champion Author
Gary
Posts:2,213 Points:868,235 Joined:Mar 2006
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Message Posted: Mar 10, 2010 7:02:58 AM
The only exact way to predict the direction is to ask the "Magic 8 Ball".
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Grismer

Champion Author
Kitchener-Waterloo
Posts:3,512 Points:728,640 Joined:Apr 2008
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Message Posted: Mar 10, 2010 7:00:18 AM
Speculators not very brave when it comes to lower profits with greater risk attached.
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Valricoslash

Champion Author
Tampa
Posts:1,614 Points:361,045 Joined:Nov 2008
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Message Posted: Mar 10, 2010 6:56:53 AM
These articles are only valid at the exact moment they are printed. I guarantee you that sometime today there wil be at least two or three articles forecasting prices up or down.
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ky_commuter75

Champion Author
Cincinnati
Posts:2,573 Points:974,635 Joined:Jul 2005
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Message Posted: Mar 10, 2010 6:53:27 AM
Look like JimL1 did some research.
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Jamer

Champion Author
Orange County
Posts:3,802 Points:664,825 Joined:Jul 2002
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Message Posted: Mar 10, 2010 6:51:42 AM
Back on the speculation roller coaster ride again.
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JimL1

Champion Author
Phoenix
Posts:2,944 Points:376,095 Joined:Jul 2003
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Message Posted: Mar 10, 2010 6:51:37 AM
All five articles were put up by the same person, stpetebp . Is stpetebp a speculator? This question is valid since all articles on the Gas Buddy Blog/Recent News site today are designed to feed the speculator frenzy. 1)" Higher gasoline prices coming”, 2)“ Queensland picks banks for A$7bn rail IPO,” 3)“ Oil Struggles For Clear Direction From $81.50,” 4)" Tullow says profits have been hit by falling oil prices,” and 5)” OPEC President Vows to Reduce Oil-Price Speculation, Volatility.” The fifth article may be good news in the long run, but in the short, probably not. These articles are simply more attempts to stir up the frenzy of speculators. Stirring up the frenzy of speculators increases the cost of fuel. Is this what we need on a site that is supposed to be dedicated to helping people find less expensive fuel?
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Chitowner

Champion Author
Omaha
Posts:1,992 Points:557,440 Joined:Jul 2007
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Message Posted: Mar 10, 2010 6:50:02 AM
Or in other words no one is buying futures at 81.50
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REKEY

Champion Author
South Carolina
Posts:3,447 Points:691,600 Joined:May 2008
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Message Posted: Mar 10, 2010 6:48:52 AM
Does anyone think it's going down?
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foxups

Champion Author
Toledo
Posts:3,252 Points:645,060 Joined:Feb 2004
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Message Posted: Mar 10, 2010 6:47:55 AM
getting out of hand again
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sdhuper

Sophomore Author
Toronto
Posts:174 Points:68,615 Joined:Dec 2009
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Message Posted: Mar 10, 2010 6:47:47 AM
its going up without doubt
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matman01

Champion Author
Detroit
Posts:8,943 Points:975,770 Joined:May 2007
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Message Posted: Mar 10, 2010 6:47:40 AM
Garbage
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MightyDude

Champion Author
Minnesota
Posts:5,149 Points:1,635,720 Joined:Mar 2003
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Message Posted: Mar 10, 2010 6:47:37 AM
Hang-Loose ;)
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Zuman

Champion Author
New York
Posts:1,319 Points:927,390 Joined:May 2005
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Message Posted: Mar 10, 2010 6:46:36 AM
More crap.
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Tnerbeel

Champion Author
Houston
Posts:3,559 Points:739,210 Joined:Mar 2007
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Message Posted: Mar 10, 2010 6:46:36 AM
Seems it is going to stick around $80 for quite some time.
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rippinusoff

Champion Author
Lexington
Posts:2,289 Points:476,815 Joined:May 2007
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Message Posted: Mar 10, 2010 6:46:34 AM
should be $30 a bbl.
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braves89

Champion Author
Chicago
Posts:2,565 Points:619,770 Joined:Apr 2008
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Message Posted: Mar 10, 2010 6:46:28 AM
oil needs to stay down
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QueenMother

Champion Author
New Hampshire
Posts:2,543 Points:1,184,685 Joined:May 2006
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Message Posted: Mar 10, 2010 6:45:41 AM
Yes, and we're struggling as well.
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goldilox88

Champion Author
Montreal
Posts:2,063 Points:586,930 Joined:Jun 2008
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Message Posted: Mar 10, 2010 6:45:38 AM
Struggle no more. It's going up.
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smoketown

Champion Author
Cincinnati
Posts:2,880 Points:597,260 Joined:Feb 2008
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Message Posted: Mar 10, 2010 6:44:47 AM
Now they have lied about inventories, Sure they have.............
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GasholeMI

Champion Author
Lansing
Posts:5,099 Points:723,240 Joined:Jul 2008
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Message Posted: Mar 10, 2010 6:41:44 AM
Give it a few days. It will go up.
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civicdutie

Champion Author
Rochester
Posts:2,515 Points:508,725 Joined:Nov 2008
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Message Posted: Mar 10, 2010 6:41:25 AM
Good, speculators beware of putting all your eggs in one basket, unless your name is Bernie Madoff.
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RANGERKY

Rookie Author
Lexington
Posts:18 Points:2,340 Joined:Mar 2010
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Message Posted: Mar 10, 2010 6:41:19 AM
SHOULD WE EVEN QUESTION WHAT DIRECTION IT IS GOING TO GO?
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unicornpmb

Champion Author
Buffalo
Posts:3,342 Points:613,775 Joined:Sep 2005
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Message Posted: Mar 10, 2010 6:40:58 AM
All those who want the down direction type yea.
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rvn4me

Champion Author
Texas
Posts:1,819 Points:519,800 Joined:Jan 2009
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Message Posted: Mar 10, 2010 6:40:48 AM
The inventories will probally show an increase but the price will still climb. Refineries are only operating at 80% because of inventory and demand yet experts say gas is still going over $3 soon.
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TomT2Lee

Champion Author
Cincinnati
Posts:3,470 Points:1,091,790 Joined:Sep 2005
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Message Posted: Mar 10, 2010 6:37:23 AM
It could be hitting the top of the current defined range or it is building a base that will push it much higher. It is worth noting that the US influence over oil prices has been taking a hefty hit over the past few months. It is really going to shock most American's when oil prices break the $100 mark and the fake US economic recovery has died.
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Rick01

Champion Author
Utah
Posts:3,835 Points:1,376,065 Joined:Sep 2005
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Message Posted: Mar 10, 2010 6:34:23 AM
Oil needs to fall fast and hard so we can get this country's recovery moving!
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olcowboy14

Champion Author
Spokane
Posts:4,495 Points:722,260 Joined:Jul 2007
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Message Posted: Mar 10, 2010 6:32:59 AM
OK, so it didn't go up or down for a whole day. It isn't the end of the world. It shouldn't move up or down for weeks at a time. I read somewhere a long time ago that oil would be sold to 4 or 5 different companies and never leave its original container. I think that if they buy the oil they should take physical possession of it. That should cut down on so many middle men, and hopefully the prices.
[Edited by: olcowboy14 at 3/10/2010 7:37:40 AM EST]
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WonderfulMI

Champion Author
Michigan
Posts:5,635 Points:771,775 Joined:Jun 2008
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Message Posted: Mar 10, 2010 6:32:02 AM
The only reason for rapid price change is speculation. supply and demand gradually change, but speculation fluctuates rapidly.
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jppezz

Champion Author
New Mexico
Posts:3,438 Points:676,555 Joined:Jun 2008
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Message Posted: Mar 10, 2010 6:30:06 AM
We want it to go down but speculators and greed will make it go up.
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TeachR06

Champion Author
Raleigh
Posts:3,535 Points:1,009,660 Joined:Sep 2006
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Message Posted: Mar 10, 2010 6:28:57 AM
Clear direction. Sounds like the direction is profit, profit,profit.
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THEDodgeman

Champion Author
Denver
Posts:2,896 Points:935,900 Joined:Apr 2005
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Message Posted: Mar 10, 2010 6:28:11 AM
NEEDS TO GO DOWN
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MertieMan

Champion Author
Lexington
Posts:9,637 Points:1,880,660 Joined:May 2005
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Message Posted: Mar 10, 2010 6:24:29 AM
Well the oil industry sure found new ways to elevate the prices at the pumps yesterday.
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jimraehl

Champion Author
Utah
Posts:1,987 Points:631,015 Joined:Sep 2008
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Message Posted: Mar 10, 2010 6:23:29 AM
A little more time for the current stock market correction, then watch out below.
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Hangnail309

Champion Author
Manitoba
Posts:1,275 Points:721,735 Joined:Aug 2006
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Message Posted: Mar 10, 2010 6:23:27 AM
Greed wrote this story. Market fundamentals mean nothing ...
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biza4u

Champion Author
New Haven
Posts:3,421 Points:619,855 Joined:Jan 2007
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Message Posted: Mar 10, 2010 6:21:53 AM
The greed mongers are aware of what direction they want
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DerHahn

Champion Author
Illinois
Posts:7,914 Points:1,110,910 Joined:May 2004
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Message Posted: Mar 10, 2010 6:21:23 AM
looking for a clear direction. just ask us, we clearly want it to go down.
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turbosaab

Champion Author
Cleveland
Posts:8,571 Points:1,398,090 Joined:Sep 2006
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Message Posted: Mar 10, 2010 6:20:41 AM
Who cares? Since when is there any relationship between the price of oil and the cost of gasoline?
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afghaned

Champion Author
Hamilton
Posts:4,005 Points:273,175 Joined:May 2004
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Message Posted: Mar 10, 2010 6:19:10 AM
It's obvious the direction will be up, especially with the shift to summer gas as others have said.
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BobD2009

Champion Author
Long Island
Posts:1,719 Points:227,480 Joined:Apr 2009
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Message Posted: Mar 10, 2010 6:18:00 AM
I'm sure they have a clear direction all right. Up,Up and Up.
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TerryLee

Champion Author
Ohio
Posts:11,197 Points:2,106,315 Joined:Mar 2004
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Message Posted: Mar 10, 2010 6:16:36 AM
Greed is what drives the pump prices
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TheSnowstorm

Champion Author
Montreal
Posts:4,283 Points:969,930 Joined:June 2005
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Message Posted: Mar 10, 2010 6:16:31 AM
Baron62nd: You hit the nail right on the head!!
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Beau2140

Champion Author
New York
Posts:3,170 Points:643,885 Joined:Oct 2008
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Message Posted: Mar 10, 2010 6:16:07 AM
Speculators control the prices.
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Fitwit

Champion Author
Stockton
Posts:1,990 Points:419,480 Joined:May 2009
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Message Posted: Mar 10, 2010 6:14:23 AM
Go west young man, go west, just don't park in California.
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9C1

Champion Author
Chicago
Posts:17,484 Points:3,241,045 Joined:Jul 2001
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Message Posted: Mar 10, 2010 6:12:37 AM
Gasoline has climbed 20 cents in the last week, just because. The price of crude has nothing to do with it.
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