Currencies and the Global Capital Markets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Henry Volquardsen who wrote (2470)	8/8/2000 12:12:19 PM
From: Paul Berliner	Read Replies (1) of 3536

Hi Henry! Nice to have a conversation with you on this beloved thread. I hope this post finds you enjoying your retirement. What I mean by the gasoline paragraph (I am the article author) is that pump prices do not yet reflect gasoline futures prices. I should have articulated that more clearly. Gasoline futures have tripled off of their lows, reaching a high of around $1.10 around May from a low of around .34 in early 1999. Gasoline pump prices have not tripled. I use as an example New York and Atlanta pump prices. Both are barely up 100% from the 1999 lows. What is unusual about Atlanta's is that there are no state gas taxes, and there prices have also only doubled as ours have here in NY. The state tax per gallon in NY is somewhere in the neighborhood of 20 cents, if I'm not mistaken. Take that away from prices over the last several months and one witnesses that pump prices have only doubled.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next