[ale] OT: gas going up this weekend
Randy Ramsdell
rramsdell at activedg.com
Thu Apr 28 14:16:05 EDT 2011
john.bryson at oit.gatech.edu wrote:
> 3-5 cents when I know the reason why, doesnt bother me.
> 10-30cent hikes, when demand is down, bothers me, because it smells like
> gouging.
>
Gas prices are tied to the markets. Oil per barrel prices are traded.
Speculation can cause gas prices to go up irregardless of supply/demand.
JDSU stock was traded up to $260 but a few years later was $1. So we all
pay more according to how the hedge funds decide to trade.
When they decide to short oil, gas prices will decline.
There is a loose tie-in with news depending on whether the money wants
there to be.
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