moostraks
05-05-2008, 01:15 PM
Lucky us....:(
http://www.marketwatch.com/news/story/oil-futures-climb-past-120/story.aspx?guid=%7BAC1993F9-3413-4D9F-A335-F8C3F96C12E3%7D&dist=msr_11
"The rally in oil prices will certainly make gasoline prices move sharply higher, said Person.
"For most Americans, it might be hard to imagine gasoline will be over 5.00 per gallon, but in a situation like this where we are just entering the seasonally strong period for fossil fuels, gas prices will be higher," he said. "
Funny price of futures goes up, and price changes immediately at the pump. Price of futures goes down, no change at pump. Then we get another freak out moment from investors and the price of futures goes back up again...Someone explain to me how this isn't gouging when the price drops even for a relatively short time and we seen no price difference at the pump???:confused:
http://www.marketwatch.com/news/story/oil-futures-climb-past-120/story.aspx?guid=%7BAC1993F9-3413-4D9F-A335-F8C3F96C12E3%7D&dist=msr_11
"The rally in oil prices will certainly make gasoline prices move sharply higher, said Person.
"For most Americans, it might be hard to imagine gasoline will be over 5.00 per gallon, but in a situation like this where we are just entering the seasonally strong period for fossil fuels, gas prices will be higher," he said. "
Funny price of futures goes up, and price changes immediately at the pump. Price of futures goes down, no change at pump. Then we get another freak out moment from investors and the price of futures goes back up again...Someone explain to me how this isn't gouging when the price drops even for a relatively short time and we seen no price difference at the pump???:confused: