Hanks
On the Fringe
Official Rant of the Day Thread
I stand corrected, thanks for the knowledge AHH! Since I learned my new thing for the day, I'm going to leave at lunch now lol
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I will actually have to disagree on this one. I used to be an oil trader and saw it a thousand times. A great example is over the last few weeks, even with the problem in the gulf and concern that drilling will be curtailed, gas prices have declined. It will almost certainly go up over Memorial Day weekend but that is a supply/demand issue. If however, the dollar continues to strengthen it will have a dampening effect on the increase. Also, oil and gas, while related in price are not directly proportional. If gas would have followed oil in lock step in 2008 we would have seen much higher gasoline prices than we did.
I stand corrected, thanks for the knowledge AHH! Since I learned my new thing for the day, I'm going to leave at lunch now lol
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