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Yesterday’s WSJ had a little article about gasoline futures. They explained that gasoline wholesale prices were back below $3/gallon due to easing concerns of flooding along the Mississippi River. One thing I learned from the article is that retail gasoline prices are typically about $.70 higher than the wholesale level. They quoted the price for […]
I was going through my email and found a link to this interesting interview with Peter Schiff, author of one of my favorite books from last year, How an Economy Grows and Why It Crashes*. I thought this question and answer was interesting: Question: So, with a more thoughtful and sober monetary policy from the […]
Crude oil is now down nearly $20 per barrel from its recent highs. As a guestimate, I would say it’s down about 21% from its high this year. The real question is: how long can we continue with subdued inflation? I read a front page article in today’s WSJ about how inflation is at a […]
This is a short rant. Alrighty… Oil peaked recently at around $85 a barrel. Now it’s back down below $70 a barrel. Yet, gas prices are almost exactly where they were when oil was at $85 a barrel. The first thing we hear when gas prices rise, is how the price of oil has risen. […]
AFM reader, LOL, asked an interesting question on my post linking to an article about oil prices. His question: “Is it really oil (up 3%), natural gas (up 8%), copper (up 4%), stocks (up 2%) and everything else going up — or is it really that the dollar is falling (down 1%)?” It’s thought that […]
Another economist says we’re running out of oil. I would like to know if this “economist” has any ties to oil? The comments to the piece are quite interesting and lively. UPDATE… Right on cue, the market reacts: As of this writing, crude oil is up over $2 a barrel.
Prediction: $250 Oil The price of oil starts moving up and all the sudden we have all these “experts” with their predictions.
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