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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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Hop1LA Champion Author Baton Rouge Posts:3,444 Points:1,202,245 Joined:Apr 2008	Message Posted: Jun 4, 2012 5:23:39 AM Ignore Hop1LA Report Abuse Old blog post
BrucePen Champion Author Ontario Posts:6,727 Points:1,386,615 Joined:Sep 2008	Message Posted: Jun 4, 2012 5:23:14 AM Ignore BrucePen Report Abuse Old news
scu227 Champion Author New Haven Posts:4,303 Points:798,605 Joined:Feb 2011	Message Posted: Jun 4, 2012 5:22:08 AM Ignore scu227 Report Abuse Speculators too ????
paul12011 Champion Author Chicago Posts:1,758 Points:91,455 Joined:May 2011	Message Posted: Jun 4, 2012 5:22:01 AM Ignore paul12011 Report Abuse old news
freedomsailor Champion Author Naples Posts:2,264 Points:437,395 Joined:Oct 2011	Message Posted: Jun 4, 2012 5:21:47 AM Ignore freedomsailor Report Abuse Yup, "beating" a dead horse.
savannahoaks Champion Author Rockford Posts:2,832 Points:661,960 Joined:Mar 2011	Message Posted: Jun 4, 2012 5:21:36 AM Ignore savannahoaks Report Abuse We should all live in SC.
RangerTrainer Champion Author Ottawa Posts:2,593 Points:636,170 Joined:Nov 2010	Message Posted: Jun 4, 2012 5:20:29 AM Ignore RangerTrainer Report Abuse Moving on ...
jetmech568 Champion Author Idaho Posts:1,285 Points:649,230 Joined:Apr 2011	Message Posted: Jun 4, 2012 5:20:10 AM Ignore jetmech568 Report Abuse ok
ChristinaCricke Champion Author New Jersey Posts:3,880 Points:794,300 Joined:Mar 2011	Message Posted: Jun 4, 2012 5:19:47 AM Ignore ChristinaCricke Report Abuse ok
Garston Champion Author Maine Posts:2,421 Points:473,765 Joined:Jul 2011	Message Posted: Jun 4, 2012 5:19:20 AM Ignore Garston Report Abuse Bull crap.
viperND Champion Author South Bend Posts:3,452 Points:762,665 Joined:Apr 2011	Message Posted: Jun 4, 2012 5:18:54 AM Ignore viperND Report Abuse gas $2 yet?
lkozark Champion Author Missouri Posts:5,230 Points:1,390,935 Joined:Jul 2007	Message Posted: Jun 4, 2012 5:18:12 AM Ignore lkozark Report Abuse Another blog article.
exd121 Champion Author Ottawa Posts:1,908 Points:481,550 Joined:Sep 2010	Message Posted: Jun 4, 2012 5:18:09 AM Ignore exd121 Report Abuse good for us
numbers Champion Author North Dakota Posts:2,801 Points:850,040 Joined:Aug 2004	Message Posted: Jun 4, 2012 5:17:29 AM Ignore numbers Report Abuse Ok
IrishCowboy Champion Author Fort Wayne Posts:1,437 Points:593,900 Joined:Jan 2011	Message Posted: Jun 4, 2012 5:17:21 AM Ignore IrishCowboy Report Abuse Nice to see.
TonyPSU Champion Author Cleveland Posts:2,667 Points:721,030 Joined:May 2011	Message Posted: Jun 4, 2012 5:16:47 AM Ignore TonyPSU Report Abuse still old news
kosciak Champion Author Hartford Posts:1,106 Points:554,525 Joined:Aug 2011	Message Posted: Jun 4, 2012 5:15:21 AM Ignore kosciak Report Abuse old news
CSharpGuy Champion Author Colorado Springs Posts:9,607 Points:1,925,110 Joined:Jan 2008	Message Posted: Jun 4, 2012 5:14:31 AM Ignore CSharpGuy Report Abuse An endless cycle.
V8power Champion Author Pennsylvania Posts:2,951 Points:1,406,720 Joined:Oct 2005	Message Posted: Jun 4, 2012 5:14:09 AM Ignore V8power Report Abuse Again.
I10Express Champion Author San Antonio Posts:8,806 Points:1,666,695 Joined:Nov 2008	Message Posted: Jun 4, 2012 5:13:17 AM Ignore I10Express Report Abuse Oil was over priced by the commodity traders.
thuathienhue Champion Author Michigan Posts:3,579 Points:658,940 Joined:Jul 2011	Message Posted: Jun 4, 2012 5:12:37 AM Ignore thuathienhue Report Abuse Old.
maryph1958 Champion Author Cincinnati Posts:1,420 Points:283,095 Joined:Sep 2011	Message Posted: Jun 4, 2012 5:12:06 AM Ignore maryph1958 Report Abuse ok
eightiesgod Champion Author Ohio Posts:3,512 Points:1,258,610 Joined:Oct 2008	Message Posted: Jun 4, 2012 5:11:51 AM Ignore eightiesgod Report Abuse It never evens up, never, pipe dreams....
pmc3 Champion Author Missouri Posts:3,609 Points:1,025,590 Joined:Mar 2010	Message Posted: Jun 4, 2012 5:11:49 AM Ignore pmc3 Report Abuse THREE day old article!!!!
danlanman Champion Author North Carolina Posts:3,462 Points:748,960 Joined:May 2011	Message Posted: Jun 4, 2012 5:11:15 AM Ignore danlanman Report Abuse old
coachjc Champion Author Cincinnati Posts:2,777 Points:1,899,095 Joined:Mar 2006	Message Posted: Jun 4, 2012 5:11:14 AM Ignore coachjc Report Abuse So the price of oil is now about $24.00 a barrel less than it was when the price at the pump locally ran up to nearly $4.00 a gallon. That must be why the price at the pump is now 10 cents lower than it was then!!!
NatureBoyKY Champion Author Kentucky Posts:3,429 Points:1,309,580 Joined:Jan 2008	Message Posted: Jun 4, 2012 5:11:09 AM Ignore NatureBoyKY Report Abuse Good. They need to be beat more and more and more!
fltdoc Champion Author Oklahoma Posts:9,036 Points:1,581,470 Joined:Oct 2008	Message Posted: Jun 4, 2012 5:10:42 AM Ignore fltdoc Report Abuse week old blog
deerslayer5 Champion Author Minnesota Posts:3,075 Points:680,485 Joined:Apr 2011	Message Posted: Jun 4, 2012 5:10:35 AM Ignore deerslayer5 Report Abuse Keep going down please.
straz Champion Author Pennsylvania Posts:1,708 Points:540,385 Joined:Jan 2007	Message Posted: Jun 4, 2012 5:10:14 AM Ignore straz Report Abuse Good but pump prices still too high
Clits All-Star Author Louisiana Posts:866 Points:257,040 Joined:Mar 2005	Message Posted: Jun 4, 2012 5:09:47 AM Ignore Clits Report Abuse Keep falling
Chitowner Champion Author Omaha Posts:4,309 Points:1,141,860 Joined:Jul 2007	Message Posted: Jun 4, 2012 5:09:45 AM Ignore Chitowner Report Abuse We are getting killed at the pumps current crude prices and gas prices are way out of line
montytexas Champion Author Houston Posts:3,013 Points:1,436,470 Joined:Jun 2006	Message Posted: Jun 4, 2012 5:09:09 AM Ignore montytexas Report Abuse Falling prices around here....
bozo Champion Author Boston Posts:4,690 Points:2,091,630 Joined:Feb 2003	Message Posted: Jun 4, 2012 5:08:58 AM Ignore bozo Report Abuse like the trend;not the cause...economy's not producing jobs.
krzysiek_ck Champion Author Illinois Posts:5,495 Points:755,860 Joined:Apr 2011	Message Posted: Jun 4, 2012 5:08:42 AM Ignore krzysiek_ck Report Abuse Old news post.
Nicoalbum Champion Author Ottawa Posts:6,159 Points:1,215,665 Joined:Jan 2010	Message Posted: Jun 4, 2012 5:08:41 AM Ignore Nicoalbum Report Abuse Old news still like new
Bus936 Champion Author Lexington Posts:16,579 Points:3,246,730 Joined:May 2004	Message Posted: Jun 4, 2012 5:08:33 AM Ignore Bus936 Report Abuse They are still stealing and maintaining the prices far too high plus this article is repeated over and over.
rippinusoff Champion Author Lexington Posts:7,538 Points:1,514,500 Joined:May 2007	Message Posted: Jun 4, 2012 5:08:29 AM Ignore rippinusoff Report Abuse over 2 bucks a gallon is too high! seems like we are supposed to be happy when gas is 3 bucks a gallon!
stoopsy Champion Author Columbus Posts:1,852 Points:359,990 Joined:Jun 2004	Message Posted: Jun 4, 2012 5:08:23 AM Ignore stoopsy Report Abuse it needs a bigger beating
nehemiah Champion Author Portland Posts:4,891 Points:957,115 Joined:Jul 2007	Message Posted: Jun 4, 2012 5:07:49 AM Ignore nehemiah Report Abuse still too high
bby Champion Author Twin Cities Posts:5,859 Points:1,048,645 Joined:Nov 2009	Message Posted: Jun 4, 2012 5:07:47 AM Ignore bby Report Abuse Ok
Lukus Champion Author Halifax Posts:8,414 Points:1,700,280 Joined:Nov 2007	Message Posted: Jun 4, 2012 5:06:58 AM Ignore Lukus Report Abuse OK
Daddy16 Veteran Author Fort Wayne Posts:320 Points:97,765 Joined:May 2011	Message Posted: Jun 4, 2012 5:05:29 AM Ignore Daddy16 Report Abuse prices should go down more
red82mtu Champion Author Michigan Posts:1,962 Points:810,525 Joined:Jul 2005	Message Posted: Jun 4, 2012 5:04:41 AM Ignore red82mtu Report Abuse I don't see any relief in the near future.
VetteFan Champion Author Indiana Posts:9,874 Points:2,055,205 Joined:Aug 2005	Message Posted: Jun 4, 2012 5:04:00 AM Ignore VetteFan Report Abuse Hopefully that will turn into good news at the pump.
Old Timer Champion Author Akron Posts:3,873 Points:1,289,515 Joined:Sep 2003	Message Posted: Jun 4, 2012 5:03:57 AM Ignore Old Timer Report Abuse A repeat article
BartBuzz Champion Author Atlanta Posts:9,020 Points:1,802,485 Joined:Aug 2006	Message Posted: Jun 4, 2012 5:03:55 AM Ignore BartBuzz Report Abuse THREE-day-old post.
cee68 Veteran Author Arizona Posts:434 Points:529,685 Joined:Jan 2011	Message Posted: Jun 4, 2012 5:03:50 AM Ignore cee68 Report Abuse ok
MustangRacing Champion Author Virginia Posts:1,963 Points:675,135 Joined:May 2011	Message Posted: Jun 4, 2012 5:03:50 AM Ignore MustangRacing Report Abuse Thanks Obama!
TheMeltz Champion Author Maryland Posts:2,169 Points:659,475 Joined:Feb 2009	Message Posted: Jun 4, 2012 5:03:45 AM Ignore TheMeltz Report Abuse I guess there's one good thing about the sour economy.
Blismo Champion Author Arizona Posts:2,274 Points:430,960 Joined:Feb 2012	Message Posted: Jun 4, 2012 5:03:24 AM Ignore Blismo Report Abuse ok