HeavyMetal
New member
- Dec 29, 2010
- 610
- 0
The price of gasoline will start going back down and average near 3$ a gallon for the year... unless some very specific things occur that are quite unlikely.
Yup. Once the Libya thing calms down or Saudi and others make up the diff, the speculators will sell and prices will subside. There is no supply problem in most of the world so what you have is speculators piling on because of a very short-term dislocation in Europe where most Libyan crude goes. The CFTC needs to grow a set and start enacting position limits. This is silly. People are getting gouged because the big banks and investment houses want to maintain their profits.