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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Alex who wrote (47423)1/24/2000 9:57:00 PM
From: John Soileau  Read Replies (1) of 116761
 
news.excite.com
PRNewswire -- Oil price increases, that in some cases
surpass the hikes seen during the Persian Gulf War, are about to stun homeowners,
airlines, and trucking companies,... many retailers have yet to pass on recent wholesale
price hikes of 40-60cts gal ...Wholesale prices for many fuels reached all time record levels in the northeast on Friday,
as oil suppliers and marketers scrambled to find oil to deliver to end-users in the region.
Wholesale prices for heating oil... soared... an increase of more than 50cts gal in less than ten days. These prices are
four times the value... exactly one year ago.
The surge isn't limited to heating oil, however. Diesel fuel prices have soared to similar...

My contacts in the industry have seen enormous wholesale hikes in gasoline in the last 10 days. Watch the price pressure ripple through the economy. But maybe it won't really matter in this new dot.com world?
John
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