I predict gas will be $3(nyc) by summer, national avg $2.80

[NJBob]

Originally Posted by CB900F2

What was it, a year and a bit ago when crude hit $140.00... There was no market reason why it hit that level (supply/demand).. It was push up by traders and a few very large investment firms..

There is a great 60min investigation on this.. If I find the link I'll post it.. It shows that during this period, there was an over supply of crude, and the futures market was just pushing the prices up up and away!.

I may have seen that program. Funny...years back when I invested in Unleaded futures it was the first summer that the prices DIDN'T go up. That's my luck. LOL