Quote:
Originally Posted by sammyg2
Crude prices do not directly effect retail gas prices. They tend to follow one another in many cases but it's two different markets with two different sets of influences.
The US retail gas market has enough excess supply right now to even out the temporary crude spike. Long term is a different story.
Gas will continue to gradually climb until august or september, peaking at around $4 in the US and $4.50 in California, at least that's my prediction.
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Sammy, do think the increase is directly tied to the devaluation of the dollar? Not that it matters for me (I'm going overseas for several months), but what is your opinion on diesel prices?