Has anybody noticed that the UK is having a fuel crisis, very similar to our own?
Once again, rumors of a possible shortage came from somewhere, people went crazy and started buying gas, and the fuel companies claimed to not be able to meet demand, which sent prices skyrocketing.
If I were a wild-eyed speculator, here’s what I’d say.
I’d say, the fuel companies saw into the near future, and realized that the oil bubble was going to burst, sending oil price-per-barrel falling rapidly. They knew that consumers would not tolerate these massively high gas prices if oil prices fell dramatically. So, as prices started to fall, the concept of the gasoline market was quickly introduced, and we, as consumers, were notified that now, it’s not the oil market causing the prices to climb, it’s the refined gasoline market. So now, oil prices can fall all they want, because gasoline is trading so high.
Fortunately, I’m not a wild-eyed speculator.
Tags: Miscellaneous
Very astute Marc! Seems someone is paying attention even if it is just you!