Gasoline and oil nosedive- Dolly to miss rigs and refineries

With news from major forecasting firms that project Dolly to miss major Gulf rigs and refineries, traders are busy selling off their contracts for gasoline and oil.

As you can see on the ticker on the left, gasoline is down nearly 10-cents/gal and oil is down over $4/bbl.

Hopefully this continues, and MAYBE we can see $3.89 at some stations by Thursday.

Patrick

1 Comment

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  1. Could you check out the report on the oil market submitted by the CFTC

    http://www.cftc.gov/stellent/groups/public/@newsroom/documents/file/itfinterimreportoncrudeoil0708.pdf

    and let us know what you think? Sounds like a cover-up to me since it is a government appointed committee… but that’s likely the liberal tree-hugger in me speaking.

    Thanks
    Crista

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