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Greece votes, situation unlikely to improve, oil prices fall

GasBuddy Blog -- The votes are tallied. Greeks voted pro-austerity, but just barely. With nearly 100 percent of ballots counted, New Democracy won 29.7 percent of the vote, ahead of SYRIZA on 27 percent and PASOK on 12.3 percent. Oil rallied in electronic trading shortly after results were revealed, but gave up that ground shortly after. The problems that haunt Greece may continue as parliament remains heavily saturated by both pro-austerity and anti-austerity lawmakers.

The expectation of the continued stalemate between the two sides sent oil prices down to start the week, with West Texas Intermediate crude off over $1/bbl to $82.79 while wholesale gasoline prices also gave up ground in all regions, falling 3-6 cents per gallon at press time. The...

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Submitted Jun 18, 2012 By: PD

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pfone1847 Champion Author Illinois Posts:3,186 Points:623,580 Joined:Oct 2010	Message Posted: Aug 19, 2012 6:14:29 PM Ignore pfone1847 Report Abuse Hmm
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Aug 19, 2012 2:53:33 PM Ignore stonecold5005 Report Abuse ok
clpassenubye Champion Author Los Angeles Posts:3,359 Points:752,605 Joined:Mar 2011	Message Posted: Aug 16, 2012 11:47:38 AM Ignore clpassenubye Report Abuse not good
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Aug 14, 2012 11:54:07 AM Ignore Donatelo Report Abuse ok
CapriceWagon All-Star Author Washington Posts:939 Points:479,070 Joined:Feb 2008	Message Posted: Aug 14, 2012 7:12:59 AM Ignore CapriceWagon Report Abuse This is old
gasokie Champion Author Oklahoma Posts:3,444 Points:1,324,520 Joined:May 2007	Message Posted: Aug 12, 2012 5:38:43 PM Ignore gasokie Report Abuse Once accustomed to a public dole the voters will never vote to reduce their own pay...they will ride this socialist horse to the ground and then set fire to it never once comprehending what the problem is/was.
txrojo2005 All-Star Author Austin Posts:766 Points:479,630 Joined:May 2011	Message Posted: Aug 8, 2012 12:12:51 PM Ignore txrojo2005 Report Abuse I am not optimistic.
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Aug 7, 2012 1:39:31 PM Ignore stonecold5005 Report Abuse good
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Jun 28, 2012 6:10:27 AM Ignore albert2008 Report Abuse time tells all
99dakota Champion Author Providence Posts:8,112 Points:2,173,000 Joined:Oct 2006	Message Posted: Jun 28, 2012 3:08:43 AM Ignore 99dakota Report Abuse They are going down...
txrojo2005 All-Star Author Austin Posts:766 Points:479,630 Joined:May 2011	Message Posted: Jun 26, 2012 2:02:59 PM Ignore txrojo2005 Report Abuse Do not expect any improvement in Greece.
clpassenubye Champion Author Los Angeles Posts:3,359 Points:752,605 Joined:Mar 2011	Message Posted: Jun 26, 2012 1:30:18 PM Ignore clpassenubye Report Abuse hopefully everthing turns around for them
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Jun 26, 2012 5:53:34 AM Ignore albert2008 Report Abuse time tells all
goldrose1 Champion Author Cleveland Posts:10,941 Points:1,925,580 Joined:Feb 2005	Message Posted: Jun 25, 2012 8:54:42 PM Ignore goldrose1 Report Abuse What else could we expect? People are used to benefits.
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Jun 24, 2012 6:04:51 AM Ignore albert2008 Report Abuse i agree
99dakota Champion Author Providence Posts:8,112 Points:2,173,000 Joined:Oct 2006	Message Posted: Jun 24, 2012 4:31:06 AM Ignore 99dakota Report Abuse Greece and Europe are on a glide path to an economic and social collapse. Lets not go down with them.
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Jun 23, 2012 8:47:40 AM Ignore stonecold5005 Report Abuse good
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Jun 22, 2012 6:09:58 AM Ignore albert2008 Report Abuse time will tell
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Jun 22, 2012 2:56:19 AM Ignore honda0105 Report Abuse Greece most likely will fail, txrojo, but not b/c of simple overspending. Greece has been unable to collect taxes from most of its citizens and foreigners, has allowed people who barely paid into the social coffers to retire in their early 50s and so on. If you don't have money coming in, but spend it anyways, then you will still have a negative flow. But the underlying issue is not solely spending.
txrojo2005 All-Star Author Austin Posts:766 Points:479,630 Joined:May 2011	Message Posted: Jun 20, 2012 7:10:35 PM Ignore txrojo2005 Report Abuse I expect Greece to fail. It would, but nations keep bailing them out. Bailouts do not work because they do not address the fundamental problem; overspending. [Edited by: txrojo2005 at 6/20/2012 10:11:30 PM EST]
Chris46 Champion Author Dayton Posts:23,667 Points:2,081,340 Joined:Sep 2005	Message Posted: Jun 20, 2012 2:57:58 PM Ignore Chris46 Report Abuse Oil needs to fall to $50/barrel. Let's use it all up, until it's gone!
Vette1967 Champion Author Albany Posts:5,962 Points:1,275,025 Joined:Jun 2009	Message Posted: Jun 20, 2012 12:37:32 PM Ignore Vette1967 Report Abuse The Greeks started civilization...don't tell me they will be the first to end it.
Dennisjk Champion Author Detroit Posts:6,486 Points:1,925,450 Joined:Apr 2006	Message Posted: Jun 19, 2012 11:43:08 AM Ignore Dennisjk Report Abuse Let them try and make it on their own if they are so smart.
ljmh Champion Author Akron Posts:3,047 Points:551,060 Joined:Feb 2011	Message Posted: Jun 19, 2012 11:20:18 AM Ignore ljmh Report Abuse Greece is a pain in the end.
GatorGuy Champion Author Columbia Posts:2,228 Points:1,207,270 Joined:Jan 2009	Message Posted: Jun 19, 2012 11:20:06 AM Ignore GatorGuy Report Abuse Good news that oil prices fall during political change; usually the opposite!
sparky808 Champion Author Honolulu Posts:2,998 Points:597,735 Joined:Sep 2011	Message Posted: Jun 19, 2012 10:17:06 AM Ignore sparky808 Report Abuse Old post.
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: Jun 19, 2012 10:11:57 AM Ignore Galmar352 Report Abuse repeat from yesterday #2!!
tomok Champion Author Portland Posts:33,011 Points:2,345,510 Joined:Aug 2006	Message Posted: Jun 19, 2012 8:24:46 AM Ignore tomok Report Abuse Sometimes things have to get really bad before any good will come of it. Like certain car companies and the bailouts from 'coming out of the closet' Barry. It could get much worse or never improve to a better level. Oil prices fall when there is less of a market for oil - less jobs, less driving, less fuel purchases, prices tend to go down at the pump. But, Big Oil can 'correct' prices to where they want by refining less fuel. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe and reliable, has a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible. The price of fuel at the pump is too high! 12/22/2012!
BudsterMO Champion Author Kansas City Posts:3,706 Points:703,775 Joined:Aug 2009	Message Posted: Jun 19, 2012 7:22:29 AM Ignore BudsterMO Report Abuse The prices at the pump here in the Kansas City, Missouri area have risen .46 cents per gallon in the last 2 weeks. This GasBuddy article is way off from the reality in the Midwest.
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,755 Joined:Mar 2003	Message Posted: Jun 19, 2012 7:17:21 AM Ignore sydb7 Report Abuse The price manipulation continues....
bluebird1 Champion Author Toronto Posts:15,733 Points:3,108,085 Joined:May 2004	Message Posted: Jun 19, 2012 7:15:01 AM Ignore bluebird1 Report Abuse Oil may fall but gas won't...its been up or level for last 4-5 price changes here - even though short-term predictions were for it to fall slightly (in fact has in non-city areas here - go figure).
shari128 All-Star Author Iowa Posts:573 Points:859,990 Joined:Jun 2010	Message Posted: Jun 19, 2012 7:13:33 AM Ignore shari128 Report Abuse Still no change in my area for about the last month. I am hoping I can look for that in the next couple weeks.
matthwbar Champion Author Toledo Posts:4,063 Points:1,017,805 Joined:Jun 2007	Message Posted: Jun 19, 2012 7:13:06 AM Ignore matthwbar Report Abuse Good news...
vcsuksu21 Champion Author Oklahoma City Posts:2,473 Points:707,005 Joined:Dec 2010	Message Posted: Jun 19, 2012 7:09:57 AM Ignore vcsuksu21 Report Abuse we are up 26 cents near where I live from 2 weeks ago. ???
40mpgsaturn Champion Author Wisconsin Posts:2,490 Points:521,030 Joined:Jun 2011	Message Posted: Jun 19, 2012 7:07:11 AM Ignore 40mpgsaturn Report Abuse Gas was up last week & down this week to $3.53.
gilfarm Champion Author Alabama Posts:6,796 Points:1,948,840 Joined:Sep 2005	Message Posted: Jun 19, 2012 7:07:11 AM Ignore gilfarm Report Abuse We know how that works!
VernonOR Champion Author Oregon Posts:2,915 Points:737,870 Joined:Aug 2010	Message Posted: Jun 19, 2012 7:05:36 AM Ignore VernonOR Report Abuse We got a big boost in my home town with the opening of a Pilot station yesterday. They were 20 cents per gallon cheaper than anybody else making all other stations here lower their price to compete.
mackconsult Champion Author Portland Posts:5,309 Points:864,355 Joined:Jan 2009	Message Posted: Jun 19, 2012 7:05:18 AM Ignore mackconsult Report Abuse we are all doomed
humancry Champion Author Michigan Posts:4,618 Points:1,002,455 Joined:Nov 2006	Message Posted: Jun 19, 2012 7:05:03 AM Ignore humancry Report Abuse Prices should be falling and let Greece handle its own affairs what is it with these other country's that they could have such a effect on us.
bluetatanka Champion Author Philadelphia Posts:55,901 Points:780,855 Joined:Mar 2011	Message Posted: Jun 19, 2012 7:04:39 AM Ignore bluetatanka Report Abuse Yep.
TXGasPriceSpy Champion Author Fort Worth Posts:7,810 Points:1,472,275 Joined:Sep 2008	Message Posted: Jun 19, 2012 7:04:22 AM Ignore TXGasPriceSpy Report Abuse All eyes are on Greece.
pachukdog1 Champion Author Pensacola Posts:1,747 Points:377,500 Joined:Jan 2012	Message Posted: Jun 19, 2012 7:04:13 AM Ignore pachukdog1 Report Abuse Oh joy
civicdutie Champion Author Rochester Posts:4,506 Points:953,485 Joined:Nov 2008	Message Posted: Jun 19, 2012 7:03:49 AM Ignore civicdutie Report Abuse I think Greece has been factored in for a long time.
stevencr Champion Author Ohio Posts:5,651 Points:1,433,790 Joined:Mar 2009	Message Posted: Jun 19, 2012 7:02:40 AM Ignore stevencr Report Abuse Gas prices are near steady at $3.65 in north centeral Ohio
vizilo Champion Author British Columbia Posts:5,729 Points:2,590,650 Joined:May 2004	Message Posted: Jun 19, 2012 7:02:26 AM Ignore vizilo Report Abuse it's anyone's guess
paulp24 Champion Author Harrisburg Posts:4,537 Points:822,325 Joined:Dec 2010	Message Posted: Jun 19, 2012 7:02:00 AM Ignore paulp24 Report Abuse ok
Grismer Champion Author Kitchener-Waterloo Posts:8,534 Points:1,724,045 Joined:Apr 2008	Message Posted: Jun 19, 2012 7:01:32 AM Ignore Grismer Report Abuse Another delaying tactic that has not resolved the economic instability within the Eurozone.
NorthglennBill Champion Author Denver Posts:7,422 Points:1,471,945 Joined:Oct 2008	Message Posted: Jun 19, 2012 7:01:26 AM Ignore NorthglennBill Report Abuse No change in gas prices in this area.
bluenvoy Champion Author Nashville Posts:14,969 Points:1,875,915 Joined:Oct 2005	Message Posted: Jun 19, 2012 7:00:17 AM Ignore bluenvoy Report Abuse Greece is going bankrupt and so is Spain and Italy.
silverfoxv65 Champion Author Michigan Posts:4,480 Points:1,230,050 Joined:Sep 2009	Message Posted: Jun 19, 2012 6:59:58 AM Ignore silverfoxv65 Report Abuse Speculators jumping right in.