Keep in mind that the price you pay at the pump is a function of futures' contracts. Months ago investors bid on the oil that is going to be available this week. They bid it high or they bid it low. It's speculation on their part based on factors they believe will limit or expand supply. In the end, it's all a function of supply and demand.
Yes. Speculators act or re-act to news and world events that may have an effect on supply and demand. They are not the sole reason for driving the futures markets up or down.
Originally Posted By: J Geoff
LA ranges from $2.69-3.35??
California has one of the, if not the, most toughest emissions laws along with some of the highest taxes on gas in the country.
Originally Posted By: Mignon
The cheapest where I live in Salem is $2.36.
Newport News,VA at a WAWA station it was $2.29.
I'll pay those prices in a heartbeat! Last night I paid $2.61!
And as the price of oil and gas goes up, watch how high the price of corn will go with it!
Don Cardi
Don Cardi
Five - ten years from now, they're gonna wish there was American Cosa Nostra. Five - ten years from now, they're gonna miss John Gotti.
