Posted on 03/08/2006 9:53:00 AM PST by sully777
Nymex Gasoline Future (April Contract)
173.31
+1.30
There's a surplus at a 7 year high and yet the price goes up.
I don't know for sure. It had a nice run up since the beginning of the year. I hope you got in before that. If so, I'd take some cash off the table right now. What do you think?
Thanks for your response.
I just found out about the stock, was thinking of getting in. Sounds like they are in the place to be for future drilling spots.
But as you said, it's had a run up for awhile. I might have missed the best time to buy.
I'm rather new at stocks, so I appreciate your thoughts on it.
Somebody in Gummint said the price would be up to $2.50 this summer. How do they know this?
Coincides with about a $.35/gal rise in Texas gasoline this last week. (Expected to go to about $2.50 before the summer driving season.)
Then just wait for the hurricanes......good excuse to jump the gas price up to $3.
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