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Energy Investing
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Re: WTI over $91Interesting events are happening with the price of gasoline, at least on East Coast. My car needs a regular gas, and I buy either E-10 87-octane, or E-15 88-octane if the latest has a discount large enough. Lately it does not. "My" gas was going up lately, but not by much, and even after dramatic jump in crude price it is $3.65. How ever, my spouse's SUV needs a Supreme 93-octane gas, and she fills up every other week. Yesterday she said the price of Supreme gas went down, and she heard a confirmation on radio. I had a short discussion about gas price direction last week with Romm on this board, and he believed this imported gasoline is disrupting the price dynamics, especially in the short term. I am sure both my wife and myself are usiing an imported gasoline, as she fills up at BJs, and I use Royal Farms. |
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