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JoeSpareBedroom JoeSpareBedroom is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 5,515
Default Gasoline prices - another record high

"Harry Krause" wrote in message
...

And, given that demand in recent days has been flat or shrinking, prices
are unlikely to continue upward, Lundberg suggested. "The overall gasoline
supply is not tight," she said.


NOYB says supply is the problem, and that's all I need to hear.

Last week, PBS-TV news interviewed a few futures traders and asked them how
much of the current price was "reality", and how much represented excess bid
into the price by traders. The estimates were from $15 to $25. Take away the
slot machines and the price could be as low as $50. This is white collar
crime at its worst.