On Fri, 23 Feb 2007 13:11:09 -0500, HDinNY
wrote:


On CNBC at 1:10PM today, oil-60.83 and unl-1.744. We'll be traveling the
first week in April and I expect $2.50/gallon.


Cash trade price for gas is about 1.77/gal right now and march futures
runing about 1.76. April futures at about 1.82. Overall gas is up
about 25 cents on trades in last 2 weeks. Speculators are driving
prices up because oil has not increased that much and current cash
price for today is around 59.50 a barrel. You can thank Reagan for
this in that he opened up the futures market for oil products and it
generaly adds 10 to 15% to price for profit taking and a lot more when
they speculate.
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