Tuesday, November 25, 2008

Gas Price Rising

I am heartened to see Gas and Crude rise yesterday a bit on the market.

It's a mine canary in the market.

It means fear is coming out. Confidence is coming back (a little).

The real price of Crude right now should be and should settle at about $75. Gasoline should sell for $2.50.

Enjoy your short respite. It won't last. Neither did $4 a gallon gasoline.

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