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Old 04-22-2007, 09:36 PM   #9 (permalink)
Quickening
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Join Date: Oct 2005
Location: San Antonio, Texas
Drives: 2004 Saab 9-3 Aero
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Re: What will gas prices settle at over this summer

Quote:
Originally Posted by BrickTamland
The time to investigate them began back on August 30th, 2005. Katrina hit the day before, took out 20% of our oil capacity, prices mysteriously jumped more than 20%.

I voted $3-4.
Are you kidding me? Mysteriously jumped? Yeh, because 20% of the supply was taken out creating a lower supply, which always drives up price and demand. Another thing, the companies don't decide the price of oil. The stock markets of the world decide it. What they set the price as depends on what analysts say about the world, supplys, stuff happening in the middle east and such.
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