On Fri, 23 Sep 2005 12:29:56 -0400, Jason Bleazard <dml@bleazard.net>
wrote:
>
> Why? Rumors. Nothing but rumors. I have to admit, I'm not totally
> immune either. I've been hearing speculation that gas is going to hit
> $1.70 per liter, then $2.00, and this morning I heard to expect $2.50 per
> liter by Saturday afternoon (that's $9.45 per gallon). And through all
> of
> this, I haven't seen one station actually charging above $1.04. There
> are
> a few out there taking advantage of the situation, but I haven't
> personally seen them.
>
It's not rumors. It's based on the futures market. Gasoline Furtures were
trading at about $5 a gallon US. ?However, with the news that Rita has
changed course slightly and it's weakening, crude oil and gasoline prices
have been dropping all day.
-- -Droo
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