Gas prices falling!
With the gas prices falling daily, I hope the oil companies are doing OK? I can`t imagine their profits are very high right now? I hope they can make it through these rough times! :B
Forum Discussion
Bucky Badger wrote:If you don't know that gas is traded on the market and prices reflect that, then there is nothing here for you to read.rockhillmanor wrote:
Gas prices are driven by the stock market not the supplier. ....
I'd like to do some reading that production has no effect on prices. Got any?
PM n7bsn he can further explain stock market 101 to you just how it all works. :W
posted By:n7bsn on 11/26/14 09:11am.......In the long run, consumption drives prices, but in the short run speculators can drive up the prices. Recall 2008 when world wide consumption was falling, but the speculators were driving up the futures prices. Of course when those futures matured and actual oil demand could not maintain the prices, some of the "late comers" to the oil-futures took a fleecing.........
