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Monday, February 20, 2006

Gas Prices Soon to Rise

News Channel 3 in the Hampton Roads is reporting:

Gas prices are going up, because of new terrorist attacks in Nigeria:

"The country is the top crude-oil producer in Africa. The attacks have sent crude oil prices higher in international markets. April Brent crude futures rose a dollar and a-half in London. "

We can expect the prices to be reflected at the pump soon. Nine hostages have also been taken including 3 Americans.

4 Comments:

At 7:45 PM, Blogger thebluestbutterfly said...

But will the Nigerian situation effect gas prices as terribly as the Mideast situations do???

 
At 8:22 PM, Blogger B O B said...

Thank you for the comment.

The impact should be fairly immediate, when I read the story the first thing I did was fill my car, being the skin flint that I am.

It may just be a temporary surge but I try to keep abreast of the prices and I act when I see an increase coming.

 
At 10:28 PM, Blogger rygnn2@voteswagon.com said...

I watched gas go down by the pennies the last three weeks. However, I have seen it go up by nickels. How can it sink so slow and rise so fast? Can the oil businesses teach all of us this form of business, its great.
Raymond B
www.voteswagon.com

 
At 11:42 PM, Blogger Jeff said...

>>>>>Can the oil businesses teach all of us this form of business, its great.<<<<<

Oh it is an easy business model to learn.

Step 1 - Reconnaissance: Scout out where the people have something you want to obtain, in this case, money.

Step 2 - Steal it. No really, it is that simple. Sure they buy the gas for say...$50 a barrel but then they sell it to us for $75.

Step 3 - Cry for help from the gov't..and get it. Thus you improve your profits all the more.

Very simple.

 

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