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Post by jeffolie on Jan 14, 2012 11:45:49 GMT -6
Mid year selective commodities peak & $5 gas ... My jeffolie 2012 predictions include a seasonal peak for certain commodities which most likely will twist the trend in interest rates towards the upper range of its trend channel. The below piece features a $5 gas prediction, you may or may not agree; however, Memorial day or that period of time of late May and into June commonly has the highest gasoline prices for a few reasons including the change over from the formula of gasoline to a lower polluding 'summer' formulation plus road trip vacations and vacations using airlines. =++++++++++++++++++++ Gas Outlook: ‘Most Painful Year At Pump Ever’ January 13, 2012 "... CHICAGO (CBS) — Gasoline prices could approach $5 a gallon by Memorial Day and stay a record levels for much of the summer, according to a forecast by GasBuddy.com. Gas prices always spike in the summer, ... chicago.cbslocal.com/2012/01/13/g....r-at-pump-ever/Read more: unlawflcombatnt.proboards.com/index.cgi?board=general&action=display&thread=10102#ixzz1jSJvLZG3
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Post by graybeard on Jan 14, 2012 22:20:52 GMT -6
Sure, the Koch bros. will raise prices, then blame Obama.
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Post by jeffolie on Mar 16, 2012 12:35:59 GMT -6
The real world pays attention to simple gas prices ... Voters and the average American now feel worse that prices rose ... result: consumer confidence declined ===================================== Consumer Sentiment in U.S. Drops on Gasoline Prices: Economy Mar 16 ' ... dropped in March as this year’s 17 percent jump in gasoline prices threatens to squeeze household budgets ... " " ... The index of consumer expectations for six months from now, which more closely projects the direction of consumer spending, dropped to 68 ... " www.bloomberg.com/news/2012-03-16/consumer-sentiment-in-u-s-unexpectedly-decreased-in-march.html
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Post by graybeard on Mar 16, 2012 20:47:28 GMT -6
Saw banner on Bloomberg tv today that wholesale gas prices peaked in Calif in late Feb, yet the retail price continues to rise. I think we've hit the peak.
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