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To: joeystoy

"Any opinions from people who know more than I?"

I trade oil futures and you are correct in the assumption that prices decline faster than they rally. This is true for all freely traded markets.

In the case of petroleum products they show a definite seasonal pattern. In the summer, when people vacation the demand for gasoline increases and so does the price. After Labor Day driving decreases rapidly and so do prices.

This seasonal has been going on for decades. It's just amazing that the MSM has never figured this out!


63 posted on 09/05/2006 1:55:00 PM PDT by JLGALT (Get ready - Lock and Load!)
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To: JLGALT

Watch in the spring when refineries change from winter gas to summer.

Thay take this low demand time to do alitle maintainence.

Prices always go up,dems claim 'gouging" and have hearings.

All predicitable.


74 posted on 09/05/2006 2:37:30 PM PDT by CPT Clay (Drill ANWR, Personal Accounts NOW.)
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