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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Hawkmoon who wrote (2475)	8/9/2000 10:52:19 AM
From: Paul Berliner	Read Replies (2) of 3536

thanks for the link, Ron. On the surface, it looks as if my two examples of Atlanta, Georgia and NY are good ones because they are the lowest and highest taxed, respectively. But I did some research and learned that Atlanta benefits from the fact that the Chatahoochee is a major artery for the transportation of oil. Now, from high to low excluding the .30 tax, NY regular unleaded prices have gone from a low of about .65 (.95/gallon with tax) to to a high of about $1.50 (1.80/gallon with tax), a 'core' rise of 130%. From lowest point to highest point, spot crude oil futures ($10.50 to $34) and gasoline futures (.34 to $1.10) were each up 220%. The NY price excluding the .30 tax is currently around 1.35, up from the .65 which = a gain of around 110% off of the early 1999 lows. Spot crude futures are currently around $30 and gasoline futures are at .98 = 190% off the early 1999 lows for both.

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