On Sep 19, 2006, at 4:48 PM, Charles Brown wrote:
> Gasoline prices are falling very fast. Is this a supply and demand
> thing ?
Not really - it's some of the speculative froth getting blown away. One big hedge fund has already taken losses in natural gas, and no doubt there's more to come. The supply/demand situation has been tight, there was Katrina, and there's a lot of what markets call political risk, but all that together would justify a crude price of maybe $50/barrel, not the $75 we saw a few weeks ago.
Doug