inquiry: will gas prices go up or down tom?

[uls]

if based on fundamentals, the price of oil shouldnt be at current levels

should be much lower

but oil isnt trading on just supply and demand fundamentals

for investors/speculators treat oil as just another asset like equities, bonds

oil is a risk asset like equities

when there's risk appetite, oil gets bid up

when there's risk aversion, oil gets dumped

for now, there's speculation that the Fed might do something to reflate the US economy (QE2)

so that means there will be more liquidity in the financial system

and that liquidity has to go somewhere

very likely, the destination will be commodities

so the price of oil could go higher

there will be a Fed announcement tonight

if the Fed doesnt say anything about QE2, oil price might decline

[tidus1203]

By the way to the uninitiated in economics, QE is quantitative easing or printing money or expanding the supply (when there is no demand for it ) in effect devaluing the currency...

*uls

Ganun talaga pananaw ng karamihan, they think its the oil companies like Exxon, Shell, BP who control prices. We know better!

[uls]

parang mga militants

pag tumaas ang fuel price, magrarally sa harap ng offices ng Petron, Shell

[tidus1203]

Dapat mag rally sila sa CBOT or sa NYMEX. Kung may pera silang pumunta doon!

[mreyes]

tumaas nga, buti nagfull tank ako kagabi...

next week kaya?

[uls]

ya dito sila mag rally

[vinj]

I dunno what pisses me off more; Gassing up then the prices go down after or gassing up right after the prices go up. :doh:

[mreyes]

the main reason why i placed this thread...

heads up guys...gas prices will GO DOWN this weekend so gas up on monday if possible...

http://www.abs-cbnnews.com/business/...back-next-week

ANCALERTS
Gas, diesel prices rolled back next week http://tinyurl.com/29mks4h

HTH !!!

[uls]

yep

i havent filled up all week coz of this

NYMEX crude

[mreyes]

nice one uls...probably will take effect this midnight...hopefully, low on gas na ako eh.