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Oil takes a beating on lousy jobs report, $2.99 in SC!

GasBuddy Blog -- You might hear it on the evening news tonight. You might already be watching it on your computer. The price of crude oil took a beating today after a worse-than-expected jobs report showed far fewer jobs added to the economy than was expected. Couple that with more people leaving the work force, and its a recipe for disaster.

Oil prices are closing out the week at their lowest levels in months, and motorists all over the country will soon be enjoying falling gasoline prices, if they haven't been already. Even previous problems on the West Coast don't have much weight compared to a significant outlook on the economy like a jobs report. Sure, BP's Cherry Point, WA refinery is back online, but supply tightness lingers. Apparently that...

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Submitted Jun 01, 2012 By: PD

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stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jun 19, 2012 9:27:09 AM Ignore stonecold5005 Report Abuse good
germainesr Champion Author Columbia Posts:1,271 Points:378,360 Joined:Sep 2008	Message Posted: Jun 18, 2012 11:16:24 AM Ignore germainesr Report Abuse We need more jobs and less gas prices
stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jun 18, 2012 9:33:12 AM Ignore stonecold5005 Report Abuse good
s6sputnik Champion Author Austin Posts:6,332 Points:1,333,645 Joined:Jun 2007	Message Posted: Jun 17, 2012 11:37:49 PM Ignore s6sputnik Report Abuse Awesome, unless you don't have a job
rickfro All-Star Author San Diego Posts:693 Points:332,080 Joined:Nov 2008	Message Posted: Jun 17, 2012 7:36:28 PM Ignore rickfro Report Abuse It's been dropping a lot in Southern California. $3.80 range. I spend time across the border in Mexico and happily fill up for $2.80/gallon.
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: Jun 17, 2012 9:10:04 AM Ignore albert2008 Report Abuse our prices in manitoba are still the same
physed Champion Author Lancaster Posts:4,796 Points:400,310 Joined:Mar 2012	Message Posted: Jun 17, 2012 8:36:33 AM Ignore physed Report Abuse Unfortunately gas prices are still riding a roller coaster with pricing.
steben11 Veteran Author Montreal Posts:382 Points:494,415 Joined:May 2011	Message Posted: Jun 15, 2012 9:40:54 AM Ignore steben11 Report Abuse montreal canada price 4,90
LtRTH Champion Author St. Louis Posts:1,912 Points:611,600 Joined:May 2011	Message Posted: Jun 10, 2012 11:36:47 AM Ignore LtRTH Report Abuse Dropped 4 cents on Wednesday. Went up 20 cents on Thursday, then came down 6 cents by Saturday. What comes down, must go up.
ystr Champion Author New Jersey Posts:1,858 Points:375,630 Joined:Apr 2012	Message Posted: Jun 10, 2012 8:03:10 AM Ignore ystr Report Abuse Alaska average price drops to $4.32 from yesterday's $4.39
Math6149 All-Star Author Jacksonville Posts:878 Points:1,820,475 Joined:Jan 2007	Message Posted: Jun 10, 2012 6:38:40 AM Ignore Math6149 Report Abuse Good news.
jwalkerh Champion Author Louisiana Posts:6,197 Points:1,377,430 Joined:Oct 2008	Message Posted: Jun 9, 2012 11:05:03 PM Ignore jwalkerh Report Abuse Gas prices are still dropping slowly here...
Pooh1830 Rookie Author Pittsburgh Posts:1 Points:1,245 Joined:Jun 2012	Message Posted: Jun 9, 2012 1:16:15 AM Ignore Pooh1830 Report Abuse Wish it was like that in PA still in the 3.59 range
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jun 6, 2012 5:54:40 AM Ignore honda0105 Report Abuse atd: wished that was true for the East Coast. It's still 3.27 and 4.09 at one station here - the rest are 3.29 (gas) and 3.89 (diesel).
kjw2469 Rookie Author Toledo Posts:2 Points:3,790 Joined:Feb 2012	Message Posted: Jun 5, 2012 5:20:13 PM Ignore kjw2469 Report Abuse Prices just went up to 3.56 in OH
atdinut Champion Author California Posts:1,616 Points:360,445 Joined:Apr 2012	Message Posted: Jun 5, 2012 10:58:09 AM Ignore atdinut Report Abuse Diesel-3.779, Gas-3.999,,,,in my area-50 miles north of S.F.(Golden Gate!)It's good to be driving a diesel again after year of over priced diesel-fuel. Cheaper fuel ,better mileage!
CapriceWagon Champion Author Washington Posts:1,009 Points:503,620 Joined:Feb 2008	Message Posted: Jun 5, 2012 9:18:44 AM Ignore CapriceWagon Report Abuse It's still about $4.10 a gallon here in Washington, must be time for me to move to South Carolina
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: Jun 5, 2012 8:53:34 AM Ignore albert2008 Report Abuse when are gas prices going to drop
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jun 5, 2012 5:37:17 AM Ignore honda0105 Report Abuse right now it's 3.29 here and diesel is still at some stations at 4.09, which is a total ripoff.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jun 5, 2012 5:36:28 AM Ignore honda0105 Report Abuse tutaw: prices won't come down at the pumps b/c much of the oil that's refined in the US is now being exported.
Noni51 Rookie Author Chicago Posts:60 Points:13,575 Joined:Jul 2011	Message Posted: Jun 5, 2012 2:13:56 AM Ignore Noni51 Report Abuse Going down instead of up is good!
tutaw Champion Author Kentucky Posts:3,759 Points:870,220 Joined:Sep 2008	Message Posted: Jun 4, 2012 6:30:52 PM Ignore tutaw Report Abuse cool, lets see gas go down now
TomSamm Rookie Author Seattle Posts:2 Points:690 Joined:May 2012	Message Posted: Jun 4, 2012 3:18:02 PM Ignore TomSamm Report Abuse Local stations are running $4.30 to $4.40 for regular unleaded. No drops here, just price increases. Some oil exec is making money keeping supplies low out on the west coast. Whatever happened to competition? Stories all make it sound like one refinery outage caused all the price increases.
sparky808 Champion Author Honolulu Posts:3,144 Points:625,660 Joined:Sep 2011	Message Posted: Jun 4, 2012 1:35:07 PM Ignore sparky808 Report Abuse old
GSORIOS Sophomore Author California Posts:153 Points:8,030 Joined:Jun 2012	Message Posted: Jun 4, 2012 12:55:46 PM Ignore GSORIOS Report Abuse The job report has nothing to do with Oil Prices, these are affected by world market conditions, this was just another way for the short investors to make money.
AnObserver Champion Author New Jersey Posts:8,494 Points:2,285,480 Joined:Sep 2005	Message Posted: Jun 4, 2012 12:51:10 PM Ignore AnObserver Report Abuse I'm not entirely sure of the relationship between oil proces and jobs - there are many other things going on
Tomeboy Champion Author Twin Cities Posts:3,910 Points:587,390 Joined:Apr 2009	Message Posted: Jun 4, 2012 11:17:18 AM Ignore Tomeboy Report Abuse In a post-recession U.S., many companies have learned that they can boost profits by squeezing the same amount of work out of fewer employees. That philosphy has helped to stifle job recovery, even as GDP growth has slowly come back to life post-recession.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Jun 4, 2012 11:02:24 AM Ignore Donatelo Report Abuse we need to invest in jobs, and become truely energy independent. others countries have , why can't we.
condé Champion Author Michigan Posts:3,816 Points:1,830,940 Joined:Oct 2004	Message Posted: Jun 4, 2012 10:30:15 AM Ignore condé Report Abuse That's a shame....
puinsai808 Champion Author Honolulu Posts:3,703 Points:755,005 Joined:May 2011	Message Posted: Jun 4, 2012 10:11:45 AM Ignore puinsai808 Report Abuse Old post. Move on.
dlemma Champion Author Wyoming Posts:4,246 Points:1,582,720 Joined:Feb 2008	Message Posted: Jun 4, 2012 9:59:50 AM Ignore dlemma Report Abuse old article....
Red1033 Rookie Author Georgia Posts:19 Points:7,305 Joined:May 2012	Message Posted: Jun 4, 2012 9:46:36 AM Ignore Red1033 Report Abuse Its sad that the only reason oil prices are falling is because of a poor economy. Seems like a scam to me. We should still have affordable gas prices even when the economy is good....if we expect it to stay that way. Greed Kills!
11SilveradoMN Champion Author Minnesota Posts:1,228 Points:351,070 Joined:Aug 2011	Message Posted: Jun 4, 2012 9:44:30 AM Ignore 11SilveradoMN Report Abuse Yep
chvytruk All-Star Author Kentucky Posts:781 Points:382,785 Joined:Sep 2006	Message Posted: Jun 4, 2012 9:36:13 AM Ignore chvytruk Report Abuse crude price up = gas price up Crude price down = gas price up
JXQW Champion Author Kansas City Posts:2,787 Points:692,825 Joined:Jul 2008	Message Posted: Jun 4, 2012 9:29:45 AM Ignore JXQW Report Abuse we have similar situation here in midwest
maxcap59 Champion Author Texas Posts:2,880 Points:610,420 Joined:Apr 2011	Message Posted: Jun 4, 2012 9:23:44 AM Ignore maxcap59 Report Abuse Same story. Oil keeps dropping, but the drops in the pump price have stalled here.
LoadToad Champion Author San Diego Posts:1,364 Points:1,298,045 Joined:Sep 2005	Message Posted: Jun 4, 2012 9:21:50 AM Ignore LoadToad Report Abuse I just "love" reruns just like on TV.
clermont40miles Champion Author Cincinnati Posts:10,754 Points:1,799,595 Joined:Apr 2008	Message Posted: Jun 4, 2012 9:20:30 AM Ignore clermont40miles Report Abuse Day 3 of broken record - same thing over and over. Enough!
Jizme Champion Author Lincoln Posts:10,020 Points:2,933,155 Joined:Oct 2004	Message Posted: Jun 4, 2012 9:20:21 AM Ignore Jizme Report Abuse Old News
wigster102 Sophomore Author Dallas Posts:111 Points:653,350 Joined:Jan 2011	Message Posted: Jun 4, 2012 9:20:20 AM Ignore wigster102 Report Abuse Old news...
Marson Champion Author Scranton Posts:9,082 Points:2,104,885 Joined:Oct 2006	Message Posted: Jun 4, 2012 9:19:43 AM Ignore Marson Report Abuse Nothing new here.
DarthDadJr Champion Author Virginia Posts:7,431 Points:1,546,625 Joined:Jul 2008	Message Posted: Jun 4, 2012 9:19:20 AM Ignore DarthDadJr Report Abuse Another old post...why is it still here?
Hangnail309 Champion Author Manitoba Posts:6,163 Points:1,704,860 Joined:Aug 2006	Message Posted: Jun 4, 2012 9:19:11 AM Ignore Hangnail309 Report Abuse read this on Friday ...
ZeroBoxes Champion Author Mississippi Posts:1,079 Points:213,440 Joined:Apr 2012	Message Posted: Jun 4, 2012 9:19:08 AM Ignore ZeroBoxes Report Abuse When someone sneezes...someone gets a cold...
hybridaholic Champion Author Appleton Posts:8,505 Points:1,584,265 Joined:Dec 2008	Message Posted: Jun 4, 2012 9:18:49 AM Ignore hybridaholic Report Abuse When they have these hold over old news, everyone should just type---ok---okay.
Ticobird Champion Author Huntsville Posts:3,327 Points:1,137,340 Joined:Oct 2009	Message Posted: Jun 4, 2012 9:18:16 AM Ignore Ticobird Report Abuse Hey, guess what? If you don't have a job to add to your family finances then you will be driving less and doing all sorts of things to save money while you look for a new job.
CptnCanada Champion Author Saskatoon Posts:7,052 Points:921,580 Joined:Jun 2008	Message Posted: Jun 4, 2012 9:17:35 AM Ignore CptnCanada Report Abuse Guess gas buddy can no longer afford staff on the weekends to change the storys
Minutefan Champion Author Springfield Posts:3,414 Points:1,272,345 Joined:Aug 2004	Message Posted: Jun 4, 2012 9:16:56 AM Ignore Minutefan Report Abuse While it's nice to see oil prices taking a beating, this is a story from last week.
Beboper Champion Author Virginia Posts:8,868 Points:2,191,490 Joined:Oct 2005	Message Posted: Jun 4, 2012 9:15:28 AM Ignore Beboper Report Abuse old news
Wizrd03 Champion Author Illinois Posts:8,293 Points:1,660,035 Joined:Oct 2008	Message Posted: Jun 4, 2012 9:15:26 AM Ignore Wizrd03 Report Abuse Oil needs to tank, much like our ecocnomy has to spur growth