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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (24868)9/21/2006 3:21:29 AM
From: mopgcw  Read Replies (1) | Respond to of 78752
 
i may be wrong, but i think vlo was also a large amaranth holding, so you may be seeing added pressure to the price from this issue, as well as overall flight from commodities at the moment (and crack spread pressures).



To: Spekulatius who wrote (24868)9/21/2006 9:13:35 AM
From: John Carragher  Respond to of 78752
 
local chain gasoline snack shops just drop gas twenty cents a gallon. reg in pa chester county.now $2.39

if we experience .20 drop there is some serious refinery problems ,, i expect terminals and refineries loaded with high cost gasoline and are dumping as lower crude is coming in. get rid of inventories at all cost to recover what you can vs lower and lower prices.

refineries may go a lot lower before bottoming imo.


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