Re: [TR] Gas prices

[Dave1massey@cs.com]

In a message dated 12/8/2008 9:01:56 AM Central Standard Time, 
dncullig@us.ibm.com writes: 
> The Saudis (and others) are threatening to cut back pro-
> duction to drive the price back up so anything can (and probably
> will) happen.  I'd not bet on the current prices staying as "low"
> as they are now.
> 
Exactly!  Their target price will result in gasoline costing in the $2.50 - 
3.00 range so I would use that for budgetary purposes.  If oil prices remain 
this low until next spring you can be sure OPEC will do something about it.

I don't mean to brag but St. Louis has some of the lowest prices around.  I 
have been filling the tank for $12 - 15.  I filled up today for $1.45/G.  At 
these prices, those who are still buying autos are buying SUV's again.

Dave
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