Replies to post #404359 on Zeev's Turnips Patch-No Politics (ZEEV)

[ogm]

Yep. thats not gonna help Monday's open either. If it holds overnight.

[ajtj99]

What I find more interesting is the price of gasoline peaked in April and is still $0.07/gallon below the price on April 4:

http://quote.barchart.com/quote.asp?sym=HUQ5&code=BSTK

What is it telling us when the price of crude is not confirmed in the price of unleaded gasoline? I would interpret it to mean the rise to new highs in the price of oil is a short term speculative spike (chart chasers, IMO).