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  • Why I'm Not Buying Oil's Recent 'Correction' [View article]
    John
    Pseudonym

    Even if oil reaches to $100, you will not see cheap gas any time soon if ever again. Refineries have been eating a lot of the oil price on their side and the lower oil price will just bring their cost back in line. $3 + gas is probably here for a while. So, I do not see a mass return of gas guzzling SUV driving.

    However, if oil reaches back down around $75 and STAY there, you may see gas drop to below the $3 mark.
    Jul 27 12:34 pm |Rating: 0 0
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