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Reply #12: Agreed [View All]

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customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-06-11 06:18 AM
Response to Reply #10
12. Agreed
The gasoline that is coming to your pump was bought weeks ago, and with summer driving season approaching, it's not going to go down, but the price raises that we've seen over the past several months might be slowed somewhat.

This is just the speculators dumping their positions on the surprise of the death of bin Laden, it's just a blip. The basic underlying causes of the oil price rise are still firmly in place, and before long, the speculators will wander back into the oil market, they always do.
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