Posted by bob15 on May 10, 2011 at 15:14:21 from (70.138.15.221):
In Reply to: gas prices posted by ILLEFTY on May 10, 2011 at 13:10:18:
Expect gas to be going up. Last week gas futures dropped to just under 3.00 a gallon. As of 6 PM on the 10th, it went up 38 cents in three days to close at $3.38 a gallon. The latest excuse is the Mississippi flood. next week it will be a freak snow storm in MT and the week after FL will get sunny weather which will "make" drivers want to go to the beach.
It's all a joke, with Nymex traders that cannot take delivery on anything making millions at our expense. Oil and gasoline should have never been put on the futures market.
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