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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (50379)	5/24/2004 12:49:31 PM
From: twmoore	Read Replies (1) \| Respond to of 74559

Tommaso,the price of oil has little or nothing to do with line-ups at the gas pumps.People will pay whatever the asking price is and sooner or later become comfortable with that price.I remember paying 25 cents/GALLON for gas and I have been comfortable paying 70-80 cents/liter.Recently the price of a liter spiked up to 95-99 cents/liter.The price today at 1 station was already down to 89 cents/liter. Line-ups at the gas stations will be because of a real shortage or a created shortage.