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To: BigBull who wrote (60352)	2/15/2000 6:19:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Gasoline is about to become the big story. Probably bigger than crude. Gasoline hits people where they live, even more than HO. Gasoline stocks have had a slight blip build. This is not NEARLY enough to cover increasing seasonal demand. +$2.00 gas at the pump will get everybodys attention. API implied gas demand was 8.49, a big jump from last week and a big number for the February doldrums. Slider's "conversations at the water cooler" will get hot and heavy as gas prices rocket. Bet on it! <g> IMO this will begin to shift attention to patch stocks. But when grandma starts buying, ole Bullsky starts heading for the exits. But this process will probably take a few months at least. So for now, I'm enjoying the ride. ------------------------------------------------------------ dowjones.wsj.com The price of gasoline traded on the New York Mercantile Exchange is starting to anticipate what the market may be in for if more oil does not become available. The nearby March contract rose to a post Gulf-War high of 84.60 cents a gallon Tuesday, which is also the highest February price for nearby gasoline on record. Gasoline prices are likely to continue to rise through May, if seasonal pricing patterns hold, according to Peter Beutel, an energy analyst with Cameron Hanover, a commodity trading advisor in Connecticut. A study by Beutel shows that gasoline prices on Nymex have risen between March and May in each of the last 13 years. "Unless, we see OPEC raise oil production, there is little to derail that trend this year," he said. ------------------------------------------------------------ Hey George! It's bullish when stocks react positively to good news right? <g> Finally!