Its on the up because summer driving season is coming. It will continue to
go up till November then slowly go down. The Republicans will say its supply
and demand then hold their hands out for the special interest oil money. You
will see gas over $3 this year. My guess top out around 3.40
Listening to a couple of "expert" stockbrokers yesterday morning, neither
could agree on
what we can expect in energy costs for the year. One predicted $45 oil by
Christmas, the other
The facts as I perceive them are that we have a logistic shortage at the
moment rather than a
supply shortage. If anything makes logistics worse, like weather, shipping
disasters, war, or
an outright embargo, then the prices go up quickly.
As supply versus demand worsens, then the eventual trend for oil has to be
upward. I fully
expect to see gasoline in the US$3 per gallon range this year.
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