Monday, November 06, 2006

Fill up your gas tank

There is no doubt in my mind that the price of gas will start to rise on Wednesday.

OPEC chief: Another output cut may be needed
Energy market seen 'oversupplied' with crude prices under $60 a barrel

Oil Companies' Record 3rd Quarter Profit Reports Omitted "October Surprise" Profit Drop

"This pattern of the last three election years is an indication that motorists who smell something fishy in the rollercoaster prices they've endured this year may be on to something," said FTCR President Jamie Court. "The rise to record high gasoline prices this spring unleashed a wave of justified criticism of bloated oil company profits. Now the price drop in the pre-election period, by a percentage well beyond reductions in the price of oil, smells just as bad."

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