Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 01-03-2008, 03:44 PM   #531
oldandslow oldandslow is offline
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Quote:
Originally Posted by Donger
If I had to venture a guess, it would be pure investment speculation. Supply and demand are still getting closer, but not enough to keep the price this high. Hopefully, they'll start taking more profits and the price will fall. If not, this spring and summer is going to be ugly.
Donger:

I know you don't want to believe it, but we are on the platteau. Oil supply has been nearly flat for 2 years (between 85-86 mbpd) while demand keeps shooting through the roof (see US, China, India). To complicate matters further, countries like Russia are beginning to see the wisdom in keeping their crude at home.

You can bet, unless the US enters a major recession/depression, gas will climb to between 3.80 - 4.00 avg this spring.

If a major political or weather event erupts between now and then, all bets are off.
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