How expensive could gas get?

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Morgan Stanley analytic predicted that on the 4th july gas price goes as high as $150. It's $134 right now and it really wont be a miracle if it happens. Lots of investors have taken option to the end of the year and are sure that price gets as high as 200$ this year.
 
HarveyJ said:
Turbolapp: That's the most kick arse piggy bank EVER! Is that someone's own project, or a legit product?
If a product, have you got a link to it, because I think it'd make a great gift for a few people I know.
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I got it off google, I don't think it's an actual product but who knows. although you did just give me an idea....
 
The market (supply and demand) "sets" prices. The oil market is pretty efficient. Enough with conspiracy this and Arabs that and Big Oil, etc. etc. "Big Oil" has historically averaged about 7-10% profit margins. How many of us would accept that kind of return on a PPC campaign?

And the Arabs control about 15% of known reserves. Enough said.
 
Was it today or yesterday but the arabs said that the price is a big hype. They have lots of gas left and the price is fake because speculants have done their job.

It might have also been fake news to reduce the gas price.
 
rockhard said:
Gas is damn cheap in America compared to some European countries and theres no Mad Max scenarios there.
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I wish this comparison wouldn't come up, most of the reason for Europe's high prices is taxes. Without the taxes theirs is still higher, but not by such a huge margin
 
I have heard speculation that the prices of gas could rise up to 10 a gallon by the end of the summer. Who knows is this is true or could happen, but just the thought...

Thank God I work out of my home office most of the time.....
 
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