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Saturday, March 22, 2008

A Picture Worth A Thousand Words

From TWIP, gas stocks. The blue range is the average; the red is the current. Crude was in the mid range.

So why is the price so high?
It's coming down a bit. The price is so high because oil is so high - it raised about $30 a barrel from Jan to Jan.

But there is a limit to how long gas can be kept, so....

For inflation, the price of diesel is more significant and diesel stocks are still pretty low. No relief yet.
I would think that when spring arrives diesel will drop a bit (less demand for home heating oil aka #2 fuel oil aka diesel). But dollar prices of oil are so volatile, who knows?
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