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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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I dunno.
While on the one hand I think this is being driven primarily by speculation, with every passing day the dollar gets weaker and international confidence in the current/future strength of the U.S. economy ebbs away. As such, suppliers are likely to turn to other countries, meaning (effectively) less supply coming to the U.S. and continued upward pressure on prices.
I agree there MIGHT (possibly) be some declines coming, but they won't go very deep. I doubt we'll ever see gasoline for < $3.00 a gallon in the U.S. again.
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Black Cars Matter
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