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Market awash in surplus gas but prices will likely rise

Posted March 18th, 2009 by Charles Langley

UCAN News

This morning speculators are wiping the blood off Wall street with their lost shirts after a DOE report that gasoline inventories climbed ever higher on Friday the 13th. Usually, when the supply of a commodity goes up, the price goes down, but not in the oil business, where the laws of supply and demand are routinely broken.

Still, analyst Bob van der Valk says San Diego gas prices will likely rise. Learn more at UCAN's fueltracker.com by reading the Crude Reality.

Filed Under
Gas & Autos Gas Prices - Oil Watch -

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