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Wednesday, December 21, 2011

Gas Price Reversals

On an earlier post I was commenting on a disconnect between oil and gasoline prices. Oil was falling but gasoline was staying up...

Well guess what...? The very opposite is happening now... Take a look

In the last 3 months, gasoline prices have dropped from $3.55 to $3.20  while oil has fluctuated between a low of $75 per barrel to a current $100.

How long does it take to clear oil inventories? Or is it simply noise from day traders?

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