Monday, September 19, 2005

Another hurricane heading into the gulf, and this time the NYMEX traders are panicking, with NYMEX futures up 20 cents already today. See, they’re not going to wait to see if there is any damage this time. So, expect higher prices, probably tomorrow, but I can’t get a bead on the new price. $2.79? $2.89? Well, that was WRONG. Prices didn’t rise until Friday, and then only until $2.69.

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