Wednesday, October 06, 2004

Whither gasoline prices? 
The spot market crude price in NY is now over $52/bbl.
...we find ourselves now ... atop $50 perhaps headed for $60 absent some unforeseen catalyst for a wave of speculative selling," said Marshall Steeves of brokers Refco.
Yet gasoline is now a quarter CHEAPER than when oil was at $40/bbl. You think some somebodies in the US oil business want to keep the price of gas down until after election day??? Hmmmm?

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