[lbo-talk] Transformation problem

[Chuck]

Doug Henwood wrote:
> 
> 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.

Any predictions about when prices will go up again?

The average price per gallon is $2.19 here in Kansas City. I've heard 
that prices have dropped below $2 in parts of rural Kansas and Missouri.

Chuck