Re: oil supply
On Mar 20, 2007, at 1:57 PM, Wojtek Sokolowski wrote:
That may be true, but the prices went up nation-wide. So if the demand is weak and supply abundant, what explains that across-the- nation price hike
Oil prices were in the low- to mid-50s in January, and rose to the
low 60s in early March. They’ve since come off their peaks, so it’s
likely gas prices will follow. The correlation is pretty tight.
Doug