Posted on 09/01/2015 10:16:59 AM PDT by thackney
A lot of shorts getting covered yesterday.
Most of the time, price has very little to do with supply/demand.
Give us market set interest rates and cut off the tsunami of free money from the fed. Watch the speculation slow down...a lot.
In your case, US$1.35 to US$1.45/US gallon for 87 pump octane unleaded could happen by November.
Short term changes, it is more the expected supply and demand.
Long term price average, it is supply and demand, but it includes all factors, not just free market factors.
I bought a diesel version in 2008 for $20K off sticker when diesel was approaching $5.00gal.
Sold it three years later for what I paid for it - $32K.
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