From: "Gary Britt" 

Speculation about future prices is always part of the current price of a
commodity.  It works that way for stocks, bonds, and pork bellies.   That's
not a surprise to anyone is it?

Gary

"Antti Kurenniemi"  wrote in
message news:431d173a$1{at}w3.nls.net...
> "Geo"  wrote in message
news:431c74f5{at}w3.nls.net...
> >> I just came home from a week in London, to find out that the prices had
> >> hopped something like 15% here to a comfy (calculating...) 7.1 USD per
US
> >> gallon! Holy expensive petroleum, Batman!
> >
> > Yes, the current excuse is that the hurricane shut down many oil
drilling
> > platforms in the Gulf of Mexico so a lot of production was lost.
> >
> > The reality is that prices at the pump went up with the news instead of
> > with
> > the next delivery.
>
> Exactemundo. We're now selling part of our national oil reserve to ease
the
> price peak on consumers, and that news alone dropped the price yesterday
> about 10c / litre. It's a quick market to react to news ;-)
>
>
> Antti Kurenniemi
> (though hardly ever dropping the price)
>
>

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