Strike averted, contract reached!
1 comment Tuesday, 02-03-09 | Posted By Patrick | Predictions
Late breaking news tonight that will have some breathing a sigh of relief.
The United Steel Workers union and Shell have agreed to a basic contract for refineries and other chemical plants today, averting a strike that could have had a huge effect on U.S. gasoline prices.
We can stop worrying about the strike and focus back on other things. Wholesale gasoline prices should fall after news of this hits the markets tomorrow morning.
Look for prices to continue their slight downward trend after an oddball hike from Speedway to $1.95.
Good news for everyone concerned! The Steel Workers get a new contract and we get lower prices. The problems with the contract…or so I have read in various papers…was all about safety and not about money. So its a good thing for all of us as they say…
Interesting thing about lower prices though. No one has said much about the lower costs of doing business with these new prices for energy. Perhaps we are so low in the hole it doesn’t matter anymore?!
Dan in Rockford