Monday, June 08, 2009

Demand For Oil Down - Price Up

Want to know why gasoline prices are up? Me to. I have no idea if they are right in their analysis. But I do trust their tracking numbers.

For a more complete snapshot of the current state of the economy visit Purchasing.Com

Cross Posted at Classical Values

1 comment:

LarryD said...

Two hypotheses, not mutually exclusive.

1. Speculators, buying into the media line on the economy, are buying oil in anticipation of a demand increase.

2. Investors, afraid of future inflation, are converting money into real assets, including oil.