[lbo-talk] oil supply

Doug Henwood dhenwood at panix.com
Tue Mar 20 11:16:19 PDT 2007


On Mar 20, 2007, at 1:57 PM, Wojtek Sokolowski wrote:


> That may be true, but the prices went up nation-wide. So if the
> demand is weak and supply abundant, what explains that across-the-
> nation
> price hike

Oil prices were in the low- to mid-50s in January, and rose to the low 60s in early March. They've since come off their peaks, so it's likely gas prices will follow. The correlation is pretty tight.

Doug



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