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Old 09-12-2006, 04:27 PM   #8
jdirelan87
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Join Date: Aug 2006
Location: Metro DC
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Quote:
Originally Posted by hoydie17
5 days ago one of our Republican Assemblymen and two of his cohorts announced that he was "introducing a bill" that would help alleviate the cost of fuel for working families. And imagine that, we wake up Friday morning to see the gas station down the street is 25 cents cheaper than when we went to bed.
That's not very surprising, the oil market is a futures market. As such, the price per barrel can and often does changes in anticipation of future events. This is an example of the price going down in anticipation of a new bill, a month ago prices went up a dollar barrel after it was released the that Trans-Alaskan pipeline would have to shut down for repairs. I think maybe this is just an example of the nature of the market.
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