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To: thackney
Not at this point.

I am discussing the storyline, that gas prices could rise dramatically over the next few months. And I smell a rat, the same rat I smelled in 2008. I am not sure how gas prices could trend up at this point given the stunning drop in demand shown in post 25, unless we are getting set up for speculative manipulation like we saw in 2008.

31 posted on 02/15/2012 11:25:55 AM PST by dirtboy
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To: dirtboy

If Iran goes totally stupid, we will see an extended spike.

For now there is a shorter, smaller run up as refineries and storage terminals may decide to top off the tanks as an insurance.

But you can not look at the price/demand of US gasoline alone without considering the global oil market.

It would be the same as considering the price/demand of US jewelry while ignoring the global price of gold.


33 posted on 02/15/2012 11:34:31 AM PST by thackney (life is fragile, handle with prayer)
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