Mike-ClassB
Senior Member
Mike said:So much for a break at the pumps.
Oil rose $5.87/bbl today.
They already announced a $0.06/liter jump tonight overnight.
Hope springs eternal, not sure what the motivation was, but I just read the CME has
bumped the margin 25% on crude oil futures, in an attempt to curb fly by night
speculation. The price of crude rose Monday by about 5%, but in early worldwide
trading has pulled back almost 2% of that jump, since the increase in the price of
speculation.
Who knows, maybe the prices will drop as we approach the summer driving season?
As I said, fingers crossed. When we get some unexpected stuff at home taken care of,
we hope to be mobile. No idea which direction, but that's our level of planning.

