well, with crude oil tanking this morning after Goldman Sachs’ report on severe over-supply yesterday, it is likely that gas prices will now decline...usually about a 2 week delay in it hitting the gas pumps.
and the oversupply is not due to having too much productive capacity...the oversupply of crude oil is due to demand destruction...
” it is likely that gas prices will now decline...usually about a 2 week delay in it hitting the gas pumps “
Yeah - the customary 5-cent decline after a $1 runup - and we’re supposed to be grateful...