Turning Tables

March 21, 2013

Several weeks ago

I spoke about the projected

Increase of gasoline prices

Over the upcoming months

Experts were predicting the price

Of gasoline could reach…

The dreaded $4.00 a gallon mark

Before the summer hit

At the same time….

We were seeing

Natural gas prices

Continuing to fall….

The thought was….

That the Nymex (gas out of the ground)

May be heading…..

Back under $3.00 a decatherm

Well……..

The experts were wrong

The price of gasoline in NJ

Has been dropping

Over the past few weeks

Today I saw it listed for

$3.379 a gallon

(Don’t forget that last 9

You are not paying $3.38 a gallon)

Gasoline prices are….

Down about 25 cents

Do you think we can head into the low 3s?

Possibly sneak under $3.00 a gallon

With summer insight…

That could be a stretch…

Think of all those cars

Heading for the shore

Stay tuned…….

Natural gas prices

On the other hand…

Have jumped

Over the past 3 weeks

Near the end of February

The Nymex was around

$3.15 a decatherm

The talk was….

That the Nymex

Could be heading under $3.00 a decatherm

Surprise….Surprise….Surprise

With little or no warning

The nymex took off running

As of this writing

It is $3.965 a decatherm

Poised to break the $4.00 mark?

That is a 25% jump…

In less than a month

There is little or no support

To this Meteoric rise

Yeah, we had some cold weather

After all, it is winter

December and January

Were fairly mild

It did get cold in

February and March but…

The overall winter

Has not been that cold

Spring started yesterday

That tells me the weather will be….

Getting warmer

With warmer weather

The demand will drop

They are still dealing with

Abundant supplies

The nymex should settle down

And start dropping again

Don’t change the channel

We will keep you updated

With any breaking news

For more information contact us

george@hbsadvantage.com

Smart Solutions for Smart Business

Advertisements