Thursday, October 09, 2008

2.66 gal Gasoline

"Nymex Crude Future 83.95 -2.64 -3.05 20:53



PETROLEUM (¢/gal)
PRICE* CHANGE % CHANGE TIME

Nymex RBOB Gasoline Future 196.73 -6.00 -2.96 20:43"
Bloomberg.com: Energy Prices


If history repeats itself gasoline prices should around $2.66 gal in the future.

Since I have been watching energy prices, gasoline has always been around 70 cents above the wholesale price.

196 plus 70 = 2.66 gal.

We shall see what the future brings.

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