Well, it might indicate that investors view strong demand for oil products as an indication that oil companies are a good investment right now? (Increased oil prices are a sign that the demand is greater than the supply).
What does it tell you?
Dana
Gas prices
Jun 03, 2004
47 Replies
Well, it tells me that they created the oil crisis so that they could increase their profits & the shareholders profits.
$1.79/gal 87 octane spotted!!! woohoo!
-Mike
Here on the KS side of the Kansas City area, 87 octane has dropped to $1.899 from a high of $2.099
$.05/gal 87 octane ------> Iraq. Fill the tank for a buck! Helluva drive though.
:D
-- John C. '03 Cobra Convt.
That's what I paid when I filled up this AM (triangle in NC)
It tells me there is some big time profiteering being done on the part of the oil companies and/or refineries, who are piggy-backing their mark-ups to the consumer on the rise of the barrel price. The proof is in the rise in shareholder value. The value of the stock rises in proportion to an expectation of profits, and one must ask just where these profits are coming from if not from market manipulation and exploitation at the cost of you and me
LOL yeah quite a drive...
-Mike
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