Stocks rise as oil falls

Stocks rise as oil falls

There are 21 comments on the WZZM Grand Rapids story from May 27, 2008, titled Stocks rise as oil falls. In it, WZZM Grand Rapids reports that:

Stock prices gained ground as the price of crude oil fell sharply. The Dow rose 68 points to 12,548, resuming trade after a three-day holiday weekend.

Join the discussion below, or Read more at WZZM Grand Rapids.

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NO WAY

Wyoming, MI

#1 May 27, 2008
So why aren't the prices dropping? It is still over $4.00/gallon!
NO WAY

Wyoming, MI

#2 May 27, 2008
f a l l i n g isn't a bad word...
Caledonia

Rochester, MN

#3 May 27, 2008
we push the oil suppliers about their BILLION dollar profit, and the price magically drops...hmmm, thats odd.

Since: Oct 07

Colorado Springs, CO

#4 May 27, 2008
Caledonia wrote:
we push the oil suppliers about their BILLION dollar profit, and the price magically drops...hmmm, thats odd.
It's because the towel heads are worried we will start to drill our own oil. We should still drill our own oil.

Since: Oct 07

Colorado Springs, CO

#5 May 27, 2008
wow you can not say t o w e l
Only Me

Aurora, CO

#6 May 27, 2008
Mark is blown away wrote:
wow you can not say t o w e l
Try "rag"
Neko

United States

#7 May 28, 2008
Will Herr Cheney be ordering OPEC to cut production to stop the price collaspe?

(Americans drove 11 million miles less in March alone.... more proof the oil price is "Fixed" and not due to supply and demand!)

When is the USA mnilitary going to do their duty and arrest Richard Cheney and try him for CAPITAL TREASON?
Alfred

United States

#8 May 28, 2008
Neko wrote:
Will Herr Cheney be ordering OPEC to cut production to stop the price collaspe?
(Americans drove 11 million miles less in March alone.... more proof the oil price is "Fixed" and not due to supply and demand!)
When is the USA mnilitary going to do their duty and arrest Richard Cheney and try him for CAPITAL TREASON?
The day the FEDs pick you up

“LET'S GO RED WINGS!!”

Since: Aug 07

America

#9 May 28, 2008
So does this mean gas prices will d.rop? I'm not going to hold my breath.

“Taz say Hi”

Since: Jan 08

Holland,MI

#10 May 28, 2008
danasue wrote:
So does this mean gas prices will d.rop? I'm not going to hold my breath.
I wouldn't either, Danasue. Gasoline still remains a commodity which means that the price of oil has very little effect on it anymore other than as just one of the factors that the traders are looking at. There was a time when oil was a commodity and gasoline was not. Then there was a more direct connection between the two prices and competition between refineries had the effect of keeping a lid on gasoline prices.
Truth

Fayetteville, NY

#11 May 28, 2008
There was a thunderstorm and three car pile-up in Saudi Arabia so price is gonna skyrocket again folks!

“LET'S GO RED WINGS!!”

Since: Aug 07

America

#12 May 28, 2008
Gentle Taz wrote:
<quoted text>
I wouldn't either, Danasue. Gasoline still remains a commodity which means that the price of oil has very little effect on it anymore other than as just one of the factors that the traders are looking at. There was a time when oil was a commodity and gasoline was not. Then there was a more direct connection between the two prices and competition between refineries had the effect of keeping a lid on gasoline prices.
True, I just wish the stations would quit blowing smoke up our rears by telling us that it's the price of oil that's raising gas prices when they know darn well it's because the owner wants a new boat! It's not like a Gucci purse - it's a necessity for cryin' out sideways!
durr

United States

#13 May 28, 2008
Oil is a monopoly last i checked monopolies are illegal is the US (except the board game obviously) but still even with that if oil companies wanted to compete there would be a 30 - 40 cent difference not .09 what jip I wanna just drill in my back yard It'd be cheaper than paying these outrageous prices

“Taz say Hi”

Since: Jan 08

Holland,MI

#14 May 28, 2008
I like seeing stocks go up as that's good for my retirement account. Gas down and stocks up would be a good thing. I'm not holding my breath for the gas to go down, though. It always goes down a little slowly and then jumps up more than it went down.
Batch 37 Pain is Good

United States

#15 May 28, 2008
After seeing all the traffic this weekend, I don't think the market is going to change quickly.
AJW

Brookfield, WI

#16 May 28, 2008
My big question is... if (according to THEM) the price is based on oil prices, then why is it that alternative fuels (ethanol and bio diesel) rise and fall right along with the regular prices? I remember the big campaign about bio diesel and "you won't pay a penny more" actually, it's not a penny, but it is more. At the station down the road from me, it's 10 pennies more for bio than for regular. And why is it that diesel is more expensive than gas??? It used to be lower, being a by-product and all. Now it's way more, and the price NEVER seems to dro.p back down like the gas prices do. It's CRAZY.

“Taz say Hi”

Since: Jan 08

Holland,MI

#17 May 29, 2008
AJW wrote:
My big question is... if (according to THEM) the price is based on oil prices, then why is it that alternative fuels (ethanol and bio diesel) rise and fall right along with the regular prices? I remember the big campaign about bio diesel and "you won't pay a penny more" actually, it's not a penny, but it is more. At the station down the road from me, it's 10 pennies more for bio than for regular. And why is it that diesel is more expensive than gas??? It used to be lower, being a by-product and all. Now it's way more, and the price NEVER seems to dro.p back down like the gas prices do. It's CRAZY.
They're all commodities, traded on the furures market. The price depends heavily on the perceptions of the traders as to what the spot market is going to be in the future.
FED UP

United States

#18 May 29, 2008
To any and all who reads my post, my theroy is that the price of oil will burst and will take a tumble. a perfect example is the realastate market, everyone was riding high on that until it collapsed because of greed. The samething will happen with the oil markets it may take some time but it will happen.As the old saying goes what ever goes up eventually comes down, or if you prefer they will reap what they soe. Believe what you choose, its just my thuoghts.

“Taz say Hi”

Since: Jan 08

Holland,MI

#19 May 29, 2008
FED UP wrote:
To any and all who reads my post, my theroy is that the price of oil will burst and will take a tumble. a perfect example is the realastate market, everyone was riding high on that until it collapsed because of greed. The samething will happen with the oil markets it may take some time but it will happen.As the old saying goes what ever goes up eventually comes down, or if you prefer they will reap what they soe. Believe what you choose, its just my thuoghts.
I have been thinking along those lines, too, but we do have the situation that it is a worldwide market, so it might not. It's also a possibility with gasoline, but I'm not going to hold my breath!

Since: Oct 07

Cloud Nine

#20 May 29, 2008
Guess what. Just received Meijer Gas Alert. Prices will be going up again by 1:30 this afternoon. Fill up while it is still at a bargin price. NOT.

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