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Old 09-27-2004   #11
RawAlex
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I actually hope Bush gets re-elected. Second term president will do all the things threatened in the first term, without fear of being voted out after. Then there will be so many more people willing to vote democrat next time out.

Colin, I agree, the price of gas is down - not because of the price of the barrel, but because of the issues at the refining and distribution points. I saw the same thing here, when oil made $40, out local sales all spiked to 99.9 per litre (about $3.25 per gallon) and have since backed down to about 87-89. The price of oil per se is not the largest driver of end costs, but rather speculation, stockpiles, and supply from the refinery onwards.

If the price stays up, I would suspect you will see the retail price move up as I mentioned before.

Alex
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