graphs of Gasoline & ULSD

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Old Oct 13, 2008 | 06:34 AM
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Default graphs of Gasoline & ULSD

http://www.wtrg.com/daily/oilandgasspot.html#Gasoline



the "Heating Oil' graph below it
is generally considered a substitute for diesel fuel,
but it runs several percent below ULSD prices
as you can compare to official gov numbers here:

http://tonto.eia.doe.gov/dnav/pet/hi...e_nus_cpgw.htm

 
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Old Oct 25, 2008 | 11:14 AM
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Ditched the diesel in about June. Oh well
 
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Old Oct 27, 2008 | 10:43 AM
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it has been a very expensive experiment
but we now know that:

small changes in consumption (3% to 7%)
lead to huge changes in price (as much as 100%)
.... and it can be worse if
large speculators have access to huge bank loans
so that they can use leverage as high as 30 to 1
in the oil futures contracts markets
 
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