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The rise in price in crude oil recently due to decreasing levels of crude in the national reserves, as well as the amount of gasoline reserves. A fair amount of it is because this time of year refiners must shut down sections of the refinery for maintence etc. Irans holding 15 Brit soldiers aint helping either. There are just a lot of reasons for traders to be long oil and they have been buying it. Traders are not beasts of rationality and (in my opinion) they have irrationally driven the price of crude and gasoline too high, again. So you and I are now victims of their irrationality.
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"The reason most people give up is because they look at how far they have to go, not how far they have come." -Bruce Anderson via FB
-Marine Blue '87 930
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