.JPG)
This is the 2nd post I've made crying out for parity between the price of oil and the price of gas at the fuel pumps.
The greed factor has us on the short side again. The prices don't match up. We should be at $1.89 per gallon based on today's oil price of $69 per barrel. And oil is headed further south. Let's assume it takes 7 to 10 days for prices to catch up at the pumps. Well, we are still behind.
I'm just looking for the consumer to get some benefit here.
Economists say that if oil prices keep dropping, it points to continued economic slowdown. A no win situation. So, retirement accounts will dry up, but we'll be able to drive anywhere?
What a mess.
Your comments are welcome...
And thank you for making me Your Orange County Real Estate Connection.
Best Regards.
Michael Caruso, Broker ABR ABRM CRB CRS GRI
2007 President, Orange County Association of Realtors
The greed factor has us on the short side again. The prices don't match up. We should be at $1.89 per gallon based on today's oil price of $69 per barrel. And oil is headed further south. Let's assume it takes 7 to 10 days for prices to catch up at the pumps. Well, we are still behind.
I'm just looking for the consumer to get some benefit here.
Economists say that if oil prices keep dropping, it points to continued economic slowdown. A no win situation. So, retirement accounts will dry up, but we'll be able to drive anywhere?
What a mess.
Your comments are welcome...
And thank you for making me Your Orange County Real Estate Connection.
Best Regards.
Michael Caruso, Broker ABR ABRM CRB CRS GRI
2007 President, Orange County Association of Realtors
No comments:
Post a Comment
Leave a Comment!