[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
[ale] OT: gas going up this weekend
- Subject: [ale] OT: gas going up this weekend
- From: rramsdell at activedg.com (Randy Ramsdell)
- Date: Thu, 28 Apr 2011 14:16:05 -0400
- In-reply-to: <[email protected]>
- References: <[email protected]>
john.bryson at oit.gatech.edu wrote:
> 3-5 cents when I know the reason why, doesnt bother me.
> 10-30cent hikes, when demand is down, bothers me, because it smells like
> gouging.
>
Gas prices are tied to the markets. Oil per barrel prices are traded.
Speculation can cause gas prices to go up irregardless of supply/demand.
JDSU stock was traded up to $260 but a few years later was $1. So we all
pay more according to how the hedge funds decide to trade.
When they decide to short oil, gas prices will decline.
There is a loose tie-in with news depending on whether the money wants
there to be.