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Sic Semper Tyrannis

Thursday, September 11, 2008

Well that's a new one.

Crude oil on the futures market...sank below $101 a barrel to its lowest settlement price since late March -- a sign that investors are still worried about waning global demand.

The wholesale price of gasoline ranged from $4 to nearly $5 a gallon in the U.S. Gulf Coast throughout the day on Thursday...

That was up significantly from about $3 to $3.30 a gallon on Wednesday...
Futures prices down, wholesale prices way up, because of Hurricane Ike.

Which means:

"You might see an extraordinary thing -- you may see crude oil less than $100 and retail gasoline more than $4 a gallon."