New York-- There´s perhaps never been a more precarious time
for gasoline prices.
If the growing Middle East violence spreads to Saudi Arabia
or another big oil producer, gas prices will-- There´s a strong
case tht gas prices could fall 25 to 75 cents a gallon from their
current perch of $3.43.
"I´m not buying into this , " Addision Armstrong, director of
market research at brokerage Tradition Energy, said of the domino
theory in the Middle East.
Before the Middle East uprisings, armstrong forecasted that gas prices would
average about $3 a gallon in 2011. Now, despite all the unrest in the region
he´s stikingto it.
That implies that some point this year, in orderto make up for the weeks gas
has over $3 a gallon , it will have to sell in the $2 range for an extended
period of time.
OPINION:
I think that the gas haven´t to be to much expencive
because the gas is needed y all persons and wen it becomes
expensive some persons are not going to buy it and the gas
will stayed like that.
for gasoline prices.
If the growing Middle East violence spreads to Saudi Arabia
or another big oil producer, gas prices will-- There´s a strong
case tht gas prices could fall 25 to 75 cents a gallon from their
current perch of $3.43.
"I´m not buying into this , " Addision Armstrong, director of
market research at brokerage Tradition Energy, said of the domino
theory in the Middle East.
Before the Middle East uprisings, armstrong forecasted that gas prices would
average about $3 a gallon in 2011. Now, despite all the unrest in the region
he´s stikingto it.
That implies that some point this year, in orderto make up for the weeks gas
has over $3 a gallon , it will have to sell in the $2 range for an extended
period of time.
OPINION:
I think that the gas haven´t to be to much expencive
because the gas is needed y all persons and wen it becomes
expensive some persons are not going to buy it and the gas
will stayed like that.
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