Thanks for reminding me!
For the benefit of the "glass-is-half-empty" crowd, it is false to say that gasoline prices never fall when crude oil prices fall, as the following graph illustrates:
Posted on 05/19/2005 12:56:15 PM PDT by E. Pluribus Unum
| Settle | 46.92 |
| High | 48.00 |
| Open Interest | 47186 |
| Low | 46.80 |
Now that is is going down they are silent, so I am taking up the slack.
The price broke below $48 yesterday, and below $47 today.
Looks like the beginning of a trend, to me.
CNBC is on death watch whenever they are forced to report this.
Where are all the Buchanan Brigadiers who were saying $100 a barrel by summer?
And where is that moron from Goldman Sachs who was predicting $107?
I'm willing to bet that he's making a killing selling short. His job was to tout oil, making people think there was easy money to be had. He might not be the moron here. Just a theory though.
Great news! Maybe I'll buy that SUV after all.
If that is true, he would be looking at 10 years in federal prison, minimum, and a lifetime ban from the securities industry.
If bernie Ebbers couldn't get away with securities fraud, this guy won't either.
Especially when he can help Eliot Spitzer make headlines in NY.
looks to be good news on the energy front.
Saw a station here in Florida selling unleaded for $2.03/gal. Won't be long before it's back below $2.00/gal.
Thanks for reminding me!
For the benefit of the "glass-is-half-empty" crowd, it is false to say that gasoline prices never fall when crude oil prices fall, as the following graph illustrates:
He can always claim that he was acting on the information he had at the time, and of course, he can remind people that the market has "risk," and that a prudent trader should always have his trades covered.
Saw a station here in Florida selling unleaded for $2.03/gal. Won't be long before it's back below $2.00/gal.
***
$2.01 at a Sunoco station near me. Woo-hoo! (And I don't drive)
Someone ought to right abook about this sort of nonsense. One that constasts their words with their insitutions' trading.
Just absurd. One would be better off discussing the economy with a bartender.
Wal-Mart here in the DFW area had it for 1.99 -- a little further out it can be had for 1.94.
Bravo!
How about $1.76 in Jackson, MO.? I hope FL gets on the bandwagon. I be there in a week & a half.
Such is our commercial life these days.
Reg $2.51...diesel rock steady for 6 weeks at 2.68, dropped 14 cents, regular is still $2.51...
Pullman WA...
There are even some "Peak Oil" loonies here at FR who have been either silent or writing something to the effect of "it's only the calm before the storm" ... yeah, right. It's indeed the calm before the storm of loathing amongst all the nitwit speculators! LOL ...
Hey Southack! You finally ping me to a thread with 3 replies and when I go there to find out what Repubs and Dems can finally agree on... It's been pulled!!! I was devastated!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.