The market is in the grip of what I would call invisible hands: the investment community and the speculative community. We're going higher. It's just a matter of where.
Tom Kloza
There is genuine concern at the moment. I've got a hunch my nectarines from California are going to cost a bit more in the next few months.
moment california concern
The nationwide average could easily push through.50 per gallon this week.
The bottom line is this: You're going to see prices move considerably higher in the next 90 days. It's just a matter of when.
days matter
We'll go below two dollars again by next fall I think, if we don't have any more Katrina- or Rita-type events.
fall events
I joke that you give up low gas prices for Lent.
joke give
community market hands matter call invisible investment
I suspect there will be enough ethanol, but that logistics -- getting rail and truck transportation to furnish the ethanol to key markets -- will be the nightmare that drives prices.
key nightmare
Oil has become a safe harbor for a lot of investment money.
money safe oil investment
The bottom line: Retail prices are going higher on the short term.
short
When you have 75 cents of wholesale increases and only about 50 cents of retail you've got about 25 cents of catching up to do.
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