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

[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!.

Originally Posted by devinlamothe

There's no way it will go that high with crude so low. They cannot justify the increase this summer unless the recession somehow lifts and crude starts to climb again.