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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (52372)8/18/2004 2:12:54 AM
From: Taikun  Read Replies (2) of 74559
 
After the oil companies reported record profits (XOM was $7bn for Q1, perhaps there was gov't pressure or the oil companies received too much negative PR, but gasoline prices here in the Seattle area (WA state is in the top 5 most expensive US states) are 15% lower than 4 months ago, when oil was $35.

I think its is going to take oil in the $50s to make a real impact on SUVs.
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