Gasoline prices are down, but I must say the crude oil charts look bullish enough at the moment.
"but I must say the crude oil charts look bullish enough at the moment."
Pay no attention to the "crude oil charts". We are currently buying Saudi Light Crude Oil and Nigerian Bonny Light Crude Oil at a discount of $10.00 to $14.00 per barrel below Brent pricing. $45.00 to $47.00 bbl delivered is the going rate. Anticipate a slight increase over the holidays (Nigerians celebrate from Dec 12 to Jan 2, 2006 and shut down terminals)then a slow decline in pricing again. Look for unleaded at the pump to be $1.50/gal by March 2006.