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I've been trying to pay attention to the futures market and noticed that gasoline has spiked again, with RFG trading at something like $2.47 today. The fuel price game has been pretty dull since the last week in April and I'm wondering, does this mean we're headed up again? I ask the potentially stupid question because I really don't understand how these things work. I've heard mumbling about prices having topped-out for the summer (would be nice) but find it hard to believe. Does anybody know what's driving the market price up this week? The Iranian premier's love letter to GW, perhaps? No, I guess that would drive oil not gasoline. The MTBE/Ethanol change over?

Futures are payments for delivery the next month. Not sure what is driving this jump specifically- fear of early hurricanes and a desire to build up stocks early this year?

I suspect the MTBE/ethanol flopover has been pretty much fully built-in to the existing prices- most of the MTBE is gone from the system now or very soon.

Well, I figured out what's going on with the market today. Kidnappings in Nigeria and some other business.

http://www.msnbc.msn.com/id/12400801/

I've been trying to pay attention to the futures market and noticed that gasoline has spiked again, with RFG trading at something like $2.47 today. The fuel price game has been pretty dull since the last week in April and I'm wondering, does this mean we're headed up again? I ask the potentially stupid question because I really don't understand how these things work. I've heard mumbling about prices having topped-out for the summer (would be nice) but find it hard to believe. Does anybody know what's driving the market price up this week? The Iranian premier's love letter to GW, perhaps? No, I guess that would drive oil not gasoline. The MTBE/Ethanol change over?


It's all a conspiracy! The big oil companies want you to see 3.30/gallon only so they can decrease to 2.75 and you'll be happy...

Actually it's simple supply and demand. Fears in South America, Fears in Iran, mixed with incerasing demand thinning supply growing demand from "Chin-dia". How long till the USA takes an oil embargo on the chin? And THEN what happes to the price of crude? Bush trying to start a fight with Moscow...

The problem is that just about all of the major oil exporters are all in unstable countries with unstable forms of governement, and half the world hates the USA. As a single nation we suck up the most amount of oil.

Oil is like age, it only goes up.

Instead of watching the com. markets, give it a try. It's like buying realestate in 1999.

Some stocks to pick up NOW are: GLD, SLV, NAT, USO, PTF, OIH, AHM. Also TIPS (treasury inflation protected securities)

Because inflation coming, she just didn't call to tell you about it yet.

Once an oil shortage occurs. And it will. There will be 2 options. Inflation (maybe even hyper inflation), or the return of 19% interst for over night borrowing.

Bernakie (sp?) doesn't have the inflation ear to the ground the way greenspan did. Also politicians want to be relected, so even though steep rate hikes are the way to go, with the leverage people have on their homes and ARMS, 0 down, and 0 principle payment plans, and some of them all combined, rolled with closing costs to 110% of the house's value.... Inflation will be the option picked. It will help the government pay it's bills as well...

So do your homework on an inflationary based ecconomy and buy relestate, prec medals, oil, and oil related stocks.

You may never see a chance like this again!

Talking about spikes in the market.

I just got price increase's of 3% to 30% from several companys we rep. These are addressed as line item surcharges or % of total order.

Theres more to this than fuel prices. This is the fourth year of insane price increase's for us.

MSNBC: Gasoline prices may be nearing seasonal peak

http://www.msnbc.msn.com/id/12721106/

This seems relevant

Here we go again! Market prices have been rising steadily for the last week, and the effects are starting to become visible locally. Unleaded gas for July delivery recently topped the April peak in the $2.20 range, with RFG blend stock about $0.20 higher but not quite at its April high. Meanwhile Ethanol prices have yet to slow down, topping $3.68. Crude has been making a slow climb, too.

Demand must be starting to creep up as we accept $3 as the new $2. Has anybody else noticed the run of TV ad campaigns that focus around the "Everybody's hitting the road this summer!" theme?

The ethanol rise has me stumped. The stats coming out say that there is a healthy inventory of ethanol and that as new plants come on line, there is a surplus. What gives?

They started using it as a replacement for that other gunk they used to use as an aditive.