jack
The Legendary Troll King
Looks like the speculating "dot.com" bust is going to hit the oil futures.
The main reason for the high prices has been the weak dollar, and speculators taking advantage of it by buying futures in oil.
As the dollar gets stronger, the price of gas should drop. The current price of gas has much less to do with current price per barrel on oil btw, and as the dollar strengthens (which I believe it will once Bush is de-elected) you'll begin to see a drop at the pump.
It's about 3.85 at some stations in this area.
The main reason for the high prices has been the weak dollar, and speculators taking advantage of it by buying futures in oil.
As the dollar gets stronger, the price of gas should drop. The current price of gas has much less to do with current price per barrel on oil btw, and as the dollar strengthens (which I believe it will once Bush is de-elected) you'll begin to see a drop at the pump.
It's about 3.85 at some stations in this area.