05-01-2008, 05:42 PM
Just anther little vent, Gasoline futures last week crept up to $3.06 a gallon. As it was gaining the price at the pump would raise in proportion. Granted these are futures of what supplies will sell for 30 days out. So the market gains a nickel the price at the pump increases that day
cratchhe:. Today Gasoline futures closed down for the third day in a row to $2.87 a gallon. I just got back from filling up the Mustang and paid $3.55. So lets figure, $3.55 - .30 taxes = $3.25/gal. $3.25/gal - $2.87/gal = $.38/gal profits? But I thought the small station owners weren't making any money on fuel?
The market is making a big jump to commodities since the Housing crisis killed the financial sector. The reason everything from milk and eggs to fuel and oil prices are increasing. If I can't make money from people paying their bills on time, then I need to make my money on things that they have to have to live day to day. If investors could make money on anther venue then commodities would settle down. The joys of the Market.
cratchhe:. Today Gasoline futures closed down for the third day in a row to $2.87 a gallon. I just got back from filling up the Mustang and paid $3.55. So lets figure, $3.55 - .30 taxes = $3.25/gal. $3.25/gal - $2.87/gal = $.38/gal profits? But I thought the small station owners weren't making any money on fuel?The market is making a big jump to commodities since the Housing crisis killed the financial sector. The reason everything from milk and eggs to fuel and oil prices are increasing. If I can't make money from people paying their bills on time, then I need to make my money on things that they have to have to live day to day. If investors could make money on anther venue then commodities would settle down. The joys of the Market.
'72 TBA...