[ SHOWGSD-L ] Re: Gas
- From: Peggy <pmick@xxxxxxxxx>
- To: Pinehillgsds@xxxxxxx
- Date: Wed, 31 Aug 2005 20:21:26 -0400
If that were true, the prices in Georgia wouldn't be that much higher
than they are here. The South has always had lower gas prices...they
increase as one drives north. Maryland, for example, is almost always
higher than Virginia...and cities and "highway stations" have higher
prices most of the time. This overnight increase, or as someone said,
three increases in one day, are nothing more than price gouging.
Futures may have something to do with it...but that is not the whole
story. .
With all the car manufacturers crying because they can't sell cars,
the big gas hogs are going to be awfully cheap soon...not too many
people will be able to afford driving them. Imagine filling up the
dual tanks on some of the big vans...it'll be equal to some mortgage
payments!
BTW - I know what futures are. Probably a lot of people on the list
know what they are.
Peggy
Pinehillgsds@xxxxxxx wrote:
> Actually, no. Oil companies (and some speculators) go into the
> commodities market and buy futures (contracts). They also hedge. You
> can buy and sell futures, but that takes too long to explain.
>
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