Fast Money - $4.00 gas is here to stay
$4.00: The new norm?I watch CNBC a good bit every day during the week, and it's a very interesting channel to watch the state of oil because this is a channel that caters to oil experts, especially in terms of investing - including trading and speculating. Many 'in the know' believe that oil is ready for a pop, believing that a significant percentage of oil prices are a speculator-driven bubble.
The guys on Fast Money are semi-split on the causes of the price of oil, but they do believe that oil prices will be very turbulent in the short term and the long term. Yes, there could be declines in the price of oil, even big price drops, but eventually higher pricing points will be breached, they agreed.
Anyway, these bright Wall Street folks believe that $4.00 gallon gas, for the most part, is here to stay, regardless of the price of oil.
Labels: gas prices
posted by Dahcredyns at
2:07 PM
3 Comments:
$4.15 a gallon here in Central Ohio at the campground where I'm staying. Brutal. These prices are going to make the masses drastic and ready to do anything. I know that I am ready to change but am trying to hold out for a viable PHEV.
I really don't see the price going down much either - too many negative factors at play right now (OPEC, Iran, etc).
and what can you do?
now dealers are sticking it to consumers with pricing on hybrids and small cars. my toyota dealership is charging an extra $3,000 on every hybrid.
scary thing is, if gas prices keep, going up, that markup might still be justifiable for lots of consumers. unbelievable.
consumers are getting killed at the gas pump and the dealership. maybe its time for a bike? sure glad i live on the subway line!
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