Lundberg Survey: U.S. Gas Prices Continue to Fall
Here locally gas averages about $2.00
But I paid $2.09 this morning. (highest being $2.39)
There is one thing that chaps my nickers about all this is...
How can an oil company sell oil on Monday @ a given price and Wednesday get their inventories listings (which usually run a surplus) and go up without a new batch of refined oil comming in?
And another thing: all this crap about there not being enough oil, this wednesday check out when the oil companys publish their inventories for the week and see how much is still left in reserves.
And one other thing; if there is a flux in the market and oil spikes in price how can the oil company (for the quarter) get record profits, but still have slumping sales?
I think it all boils down to the fact that they're are greedy MF'ers and we are getting shafted.