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Author	Topic: Economic slump "ended", feeding the bulls	Post a Reply Back to Topics

PD Moderator	Message Posted: Sep 20, 2010 2:31:58 PM Ignore PD Report Abuse If you've taken a peek at wholesale gasoline futures as well as oil prices today, you'll see that prices are again heading higher. While I've been a believer that the economic slump hasn't finished, I think now more than ever I believe that things are moving forward, and thus, higher. The National Bureau of Economic Research said that the slump the economy has been in that started in late 2007 concluded in the summer of 2009, when things bottomed out. Since then, the economy has moved forward, although at a snails pace, according to the group. While my conventional wisdom says that we'll continue to see both positive and negative economic news over the next 6 months, the majority of it will be positive, and thus fuel prices... Visit GasBuddy Blog for full article

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Message Posted: Sep 20, 2010 2:31:58 PM

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If you've taken a peek at wholesale gasoline futures as well as oil prices today, you'll see that prices are again heading higher. While I've been a believer that the economic slump hasn't finished, I think now more than ever I believe that things are moving forward, and thus, higher.

The National Bureau of Economic Research said that the slump the economy has been in that started in late 2007 concluded in the summer of 2009, when things bottomed out. Since then, the economy has moved forward, although at a snails pace, according to the group.

While my conventional wisdom says that we'll continue to see both positive and negative economic news over the next 6 months, the majority of it will be positive, and thus fuel prices...

Visit GasBuddy Blog for full article

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flagtown25 Champion Author New Jersey Posts:1,199 Points:511,155 Joined:Oct 2011	Message Posted: Sep 29, 2012 8:50:56 AM Ignore flagtown25 Report Abuse It will never end. The United States will become just like Europe-continual high unemployment and debt
Pete12 Champion Author Albany Posts:4,918 Points:1,659,880 Joined:Nov 2005	Message Posted: Dec 25, 2010 7:44:51 PM Ignore Pete12 Report Abuse It needs to go down not ip.
Barbara121 Rookie Author Toms River Posts:28 Points:106,570 Joined:Dec 2010	Message Posted: Dec 25, 2010 11:04:59 AM Ignore Barbara121 Report Abuse come summer it will drop some
davidel57 Champion Author Houston Posts:5,120 Points:1,207,985 Joined:Apr 2008	Message Posted: Sep 30, 2010 10:45:11 AM Ignore davidel57 Report Abuse pass the vaseline please!
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Sep 23, 2010 6:08:28 AM Ignore honda0105 Report Abuse too bad that the greed of pig oil won't let the pump prices drop a bit until the economy has caught itself and is indeed on the rise.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Sep 23, 2010 6:07:35 AM Ignore honda0105 Report Abuse well it's a blog. It's a nice analysis, but quite frankly, I don't think the economy is going anywhere fast right now.
CatskillHiker Champion Author New York Posts:22,505 Points:2,417,595 Joined:Sep 2006	Message Posted: Sep 23, 2010 12:39:48 AM Ignore CatskillHiker Report Abuse I appreciate the analysis by the GasBuddy Blog. I agree that if and when we go back into a bull market with actual increases in employment; then we may well see an increase in the gas and oil futures. And that increase would be passed along at the pump. But as of yet that has not happened. Perhaps I am picking on the first sentence too much: "If you've taken a peek at wholesale gasoline futures as well as oil prices today, you'll see that prices are again heading higher." But that little bubble on Monday is now gone. The wholesale price of gas is now a bit down this week. Here is the summary of weekly Friday closing futures for gas (RBOB) and oil (WTI) for the last 3 months; with the midnight prices at the start of Tuesday thru Thursday this week: Friday Close: Gas (RBOB) - Oil (WTI) 7/02/2010: $1.97.770/gal - $72.140/barrel 7/09/2010: $2.07.000/gal - $76.090/barrel 7/16/2010: $2.04.860/gal - $76.010/barrel 7/23/2010: $2.12.220/gal - $78.980/barrel 7/30/2010: $2.12.240/gal - $78.950/barrel 8/06/2010: $2.11.270/gal - $80.700/barrel 8/13/2010: $1.93.960/gal - $75.390/barrel 8/20/2010: $1.92.510/gal - $73.820/barrel 8/27/2010: $1.94.790/gal - $75.170/barrel 9/03/2010: $1.91.950/gal - $74.600/barrel 9/10/2010: $1.97.310/gal - $76.450/barrel 9/17/2010: $1.91.920/gal - $73.660/barrel Midnight on Tuesday - Thursday: 9/21/2010: $1.94.750/gal - $74.270/barrel 9/22/2010: $1.91.450/gal - $75.090/barrel 9/23/2010: $1.90.330/gal - $74.800/barrel
sissy56 Rookie Author Dallas Posts:29 Points:106,045 Joined:Jan 2008	Message Posted: Sep 22, 2010 11:52:40 PM Ignore sissy56 Report Abuse I agree!! The true bull is that the economy ia on the rise
remay Champion Author Houston Posts:7,078 Points:2,143,665 Joined:May 2006	Message Posted: Sep 22, 2010 8:37:41 AM Ignore remay Report Abuse "...now more than ever I believe that things are moving forward, and thus, higher..." Or they are being MANIPULATED into be higher priced...
Silverhand Champion Author Pittsburgh Posts:23,267 Points:3,653,485 Joined:May 2002	Message Posted: Sep 22, 2010 7:31:42 AM Ignore Silverhand Report Abuse The true bull is the bit about the slump ending.
gastress Rookie Author California Posts:92 Points:19,130 Joined:Sep 2010	Message Posted: Sep 22, 2010 1:18:26 AM Ignore gastress Report Abuse More propaganda to fool the masses into believing that stagflation is progress ...
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Sep 21, 2010 4:58:25 PM Ignore POLELANE Report Abuse Something must be feeding the bulls quite well; I see lots and lots of B S
tomok Champion Author Portland Posts:33,595 Points:2,373,210 Joined:Aug 2006	Message Posted: Sep 21, 2010 3:28:38 PM Ignore tomok Report Abuse Economic slump "ended" and many, many people are out of work and looking for work. Just feeding the bulls more!
OHMS Champion Author Orange County Posts:13,866 Points:1,718,545 Joined:May 2005	Message Posted: Sep 21, 2010 3:14:48 PM Ignore OHMS Report Abuse Bureau of Economic Research? money down another pie h ole
RapMassaG Champion Author Cincinnati Posts:2,646 Points:1,073,190 Joined:Oct 2008	Message Posted: Sep 21, 2010 2:54:49 PM Ignore RapMassaG Report Abuse Helicopter Ben just said the FED is ready to print as much money as necessary to fix the economy. (wait-I thought the recession ended July 2009) ........prepare for gas prices to soar.
Gassed01 Champion Author Toronto Posts:6,485 Points:1,826,590 Joined:Jan 2006	Message Posted: Sep 21, 2010 2:30:18 PM Ignore Gassed01 Report Abuse Speculator fodder.
mt_216 Rookie Author Regina Posts:2 Points:2,940 Joined:Jan 2009	Message Posted: Sep 21, 2010 2:20:36 PM Ignore mt_216 Report Abuse Here we go!!!! lol
ILVET Champion Author Illinois Posts:14,934 Points:2,953,015 Joined:Jan 2005	Message Posted: Sep 21, 2010 5:55:37 AM Ignore ILVET Report Abuse Whats wrong with this country??
Bill100 Champion Author Grand Rapids Posts:41,749 Points:1,190,545 Joined:Jan 2010	Message Posted: Sep 21, 2010 5:41:15 AM Ignore Bill100 Report Abuse I've believed for some time we are headed higher. But, I have yet to be proven right. Believing nit only makes you an optimist. It doesn't make you right.
FMREALTOR Champion Author Florida Posts:6,546 Points:1,724,705 Joined:Jan 2007	Message Posted: Sep 21, 2010 5:35:49 AM Ignore FMREALTOR Report Abuse Here we go!
Hunter724 Champion Author New Hampshire Posts:8,257 Points:1,673,550 Joined:Sep 2008	Message Posted: Sep 21, 2010 5:32:05 AM Ignore Hunter724 Report Abuse Speculators will be pushing prices higher......
harleydoctor Champion Author Kansas Posts:7,485 Points:1,956,285 Joined:Sep 2005	Message Posted: Sep 21, 2010 5:28:53 AM Ignore harleydoctor Report Abuse We're fixing to get it broke off in us...........
vamike Champion Author Virginia Posts:5,451 Points:1,391,975 Joined:Dec 2008	Message Posted: Sep 21, 2010 5:25:25 AM Ignore vamike Report Abuse It is always safe to predict that fuel prices will rise.
stpetebp Champion Author Tampa Posts:6,368 Points:1,760,280 Joined:Nov 2007	Message Posted: Sep 21, 2010 5:22:26 AM Ignore stpetebp Report Abuse Nothing but B.S.
Asbury09 Champion Author Iowa Posts:7,353 Points:1,558,005 Joined:Jan 2009	Message Posted: Sep 21, 2010 5:14:17 AM Ignore Asbury09 Report Abuse this slump has not ended. it will be over when our gov't stops the free-fall speneding
fratt Champion Author Grand Rapids Posts:9,965 Points:2,672,630 Joined:Jul 2005	Message Posted: Sep 21, 2010 5:08:17 AM Ignore fratt Report Abuse Right on, Dave12.
Ratdadde Veteran Author Virginia Posts:381 Points:985,345 Joined:Feb 2010	Message Posted: Sep 21, 2010 5:08:00 AM Ignore Ratdadde Report Abuse I don't think that the government officials understand the concept that they work for us.
PelicansFan Champion Author Pensacola Posts:13,740 Points:2,460,255 Joined:May 2006	Message Posted: Sep 21, 2010 5:04:43 AM Ignore PelicansFan Report Abuse More hogwash from DC I think. Major tax increases headed our way come Jan,2011. Then there will be a Depression!
Beau2140 Champion Author New York Posts:8,436 Points:1,684,860 Joined:Oct 2008	Message Posted: Sep 21, 2010 5:00:41 AM Ignore Beau2140 Report Abuse It will take a long time for it to get over.
BigDogOH Champion Author Cincinnati Posts:8,643 Points:1,835,520 Joined:Mar 2008	Message Posted: Sep 21, 2010 5:00:04 AM Ignore BigDogOH Report Abuse May be end of recession,but start of depression
gabbygusIN Champion Author Indiana Posts:7,376 Points:1,587,575 Joined:Oct 2008	Message Posted: Sep 21, 2010 4:54:22 AM Ignore gabbygusIN Report Abuse Ask the millions that are out of work if it is over???
gassy4u Champion Author Mobile Posts:3,763 Points:1,326,360 Joined:Sep 2005	Message Posted: Sep 21, 2010 4:53:37 AM Ignore gassy4u Report Abuse "We're headed in the right direction", getting closer to November.
Boo1989 Champion Author Atlanta Posts:7,291 Points:1,371,420 Joined:Oct 2008	Message Posted: Sep 21, 2010 4:42:52 AM Ignore Boo1989 Report Abuse Remember in November
FocusST2 Champion Author North Carolina Posts:8,283 Points:1,406,625 Joined:Jul 2009	Message Posted: Sep 21, 2010 4:39:24 AM Ignore FocusST2 Report Abuse If the economic slump has ended why are most of us still feeling the effects?
SBlouch Champion Author San Antonio Posts:8,836 Points:1,885,285 Joined:Apr 2007	Message Posted: Sep 21, 2010 4:37:19 AM Ignore SBlouch Report Abuse This is just another move by the politicians in office to make themselves appear what they did with the stimulus packages helped us get out of the recession so they get reelected this November.
RocketGeek Champion Author Grand Rapids Posts:10,733 Points:2,136,085 Joined:May 2005	Message Posted: Sep 21, 2010 4:34:21 AM Ignore RocketGeek Report Abuse Yeah, the prez says it's over, but I haven't seen any recovery at my house.
NotTom Champion Author New Hampshire Posts:5,457 Points:1,409,240 Joined:Aug 2005	Message Posted: Sep 21, 2010 4:24:23 AM Ignore NotTom Report Abuse They are just trying to keep members of the Obama regime in office. Recycle Congress/Senate
HawaiianGuy Champion Author Idaho Posts:9,663 Points:3,105,800 Joined:May 2003	Message Posted: Sep 21, 2010 4:15:23 AM Ignore HawaiianGuy Report Abuse Do you really trust these reports by the Obama administration? My, how timely this announcement is. It'll be a hoot to watch Plagiarizing Joe trying to make us believe that we've bottomed out and are on our way back up. Tell that to the 15 million unemployed Americans. They've had all the "Hope" and "Change" they can stand.
DellDude2 Champion Author Nashville Posts:9,571 Points:2,149,460 Joined:Aug 2005	Message Posted: Sep 21, 2010 4:12:23 AM Ignore DellDude2 Report Abuse Right on, Dave12!
ajrn Champion Author Toledo Posts:14,300 Points:2,994,040 Joined:Nov 2003	Message Posted: Sep 21, 2010 4:11:03 AM Ignore ajrn Report Abuse Where's my hope? Where's my change? Where's my wallet, and car, and???HEY!!!
dave12 Champion Author Twin Cities Posts:3,237 Points:1,862,940 Joined:Nov 2005	Message Posted: Sep 21, 2010 4:06:57 AM Ignore dave12 Report Abuse The economic slump ENDED! Unemployment the lowest in one month! The economy is just flying. RIGHT! Just six weeks before the election! How convenient! I think on November 2, we'll let the folks in DC otherwise! We'll see you at the polls!
computernut2008 Champion Author Ohio Posts:6,714 Points:1,377,315 Joined:Oct 2008	Message Posted: Sep 21, 2010 3:57:55 AM Ignore computernut2008 Report Abuse Feeding the speculators with bull would be more accurate.
dacofa Champion Author Nevada Posts:5,401 Points:1,173,405 Joined:Jan 2010	Message Posted: Sep 21, 2010 3:55:21 AM Ignore dacofa Report Abuse rickythe pilot is out in never never land. You have it backwards fool.
twobroke61 Champion Author Michigan Posts:8,520 Points:1,616,660 Joined:Sep 2008	Message Posted: Sep 21, 2010 3:49:06 AM Ignore twobroke61 Report Abuse i think that rickythepilot has crashed and has head trama if he thinks the economy is getting better with Obamaha
1fulltank Champion Author Buffalo Posts:8,041 Points:1,571,970 Joined:Nov 2008	Message Posted: Sep 21, 2010 3:46:11 AM Ignore 1fulltank Report Abuse Sorry, I never saw gas come down to the level of the economy and joblessness, so it shouldn't have the right to rise if things improve.
georgeo Champion Author California Posts:4,172 Points:179,115 Joined:May 2009	Message Posted: Sep 21, 2010 3:42:53 AM Ignore georgeo Report Abuse Way in the future, gasoline will no longer be used for transportation. There will be much better products out there. As a matter of fact, diesel, fuel cells and all electric are already giving gasoline a run for its money.
findcheap Champion Author Los Angeles Posts:9,737 Points:2,037,575 Joined:Apr 2007	Message Posted: Sep 21, 2010 3:38:45 AM Ignore findcheap Report Abuse you can't start making trends out of every blip in normal trading price swings
ED6 Champion Author Riverside Posts:9,594 Points:1,872,940 Joined:Jul 2007	Message Posted: Sep 21, 2010 3:33:48 AM Ignore ED6 Report Abuse This is going to be a long snail pace recovery, millions are out of job.
jcurley Champion Author California Posts:8,018 Points:1,801,520 Joined:Dec 2007	Message Posted: Sep 21, 2010 3:29:05 AM Ignore jcurley Report Abuse While the recession may be over, technically speaking, banks still are not lending to small businesses and large companies are sitting on their cash, not expanding or hiring. We also need to get rid of the BS about being a service economy. We need to build and produce things. Unfortunately, with the energy policy from the Bush/Cheney energy task force, each positive uptick in the economy will allow speculators to ratchet up the price of oil and gas.
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Sep 21, 2010 3:24:49 AM Ignore TIGERPAW46 Report Abuse Energy prices go up; Economy slows down. Dollar value deteriorates; Economy goes down. National debt increases; Economy goes down. Unemployment is still at an all time high for many years. So just because the Speculators think they can get more money for their oil futures that means the economy is better. Right; Sure thing. See the article yesterday? High oil prices has been at the root of four recessions. So just jack those prices right back up there. [Edited by: TIGERPAW46 at 9/21/2010 3:30:17 AM EST]