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To: newgeezer

At the rate it has been going here in Central Texas, it will reach 3.00 in a month or so. Every three days like clockwork it spikes .06-.12. Just this morning it was 2.19-2.25. Now it is 2.29-2.37. I suspect it will be around $2.50 by the end of the week.


63 posted on 08/08/2005 8:59:14 AM PDT by COEXERJ145 (Tom Tancredo- The Republican Party's Very Own Cynthia McKinney.)
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To: COEXERJ145
At the rate it has been going here in Central Texas, it will reach 3.00 in a month or so...Now it is 2.29-2.37.

I'm in Austin myself, so I'm familiar with the area prices. You need to either fill up at Costco, which I have found is among the lower prices on a pretty consistent basis (filled up this morning in fact with unleaded 87 octane at $2.169/gal), or check GasBuddy for the lowest reported prices in your zip code.

There are some Freepers around who regularly work the futures markets. If you are so certain gasoline will go up to a certain price, you might want to start a vanity thread asking how to go about purchasing a futures call option on unleaded gasoline. If you are right, you could make back in profits on selling the option way more than you would pay in gas. A word of warning however: only use "mad money" on a futures option, because most of these options expire worthless.

Myself, I staked out some equities positions on energy concerns a couple years ago, and I'm pretty happy with the dividends they have paid to date, enough to not worry overmuch about the price of gas.

201 posted on 08/08/2005 11:47:20 AM PDT by tyen
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