Comment

Overnight Hope-a-Dope

902
karmic_inquisitor2/02/2009 8:35:30 am PST

re: #892 Hard Right

$1.92 here in AZ. Last I heard all storage facilities were full of oil and tanker ships were being rented to store the surplus oil. WTF indeed.

Part of the reason for prices going up is that refineries have started the transition to summer blends. So there is a little less supply at the moment. Summer will be interesting. If the economy is truly shrinking the floor will fall out.