tag:blogger.com,1999:blog-1708908742323002823.post7405371464989304586..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Unleaded Gasoline Flirting with the $3.00 LevelTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1708908742323002823.post-8356883485745124942012-08-09T16:02:53.482-07:002012-08-09T16:02:53.482-07:00Unknown:
Unleaded gasoline began moving higher on...Unknown:<br /><br />Unleaded gasoline began moving higher on June 29, a month before that pipeline rupture occurred. It moved nearly 50 cents a gallon before it hit resistance near the $2.95 level whereupon it stalled. The rupture in the pipeline allowed it take out that resistance. <br /><br />CCI chart reflects traders' expectations of another round of bond buying to be announced.<br /><br />that is a simple fact. Whether or not it occurs is what is moot; the CURRENT PERCEPTION is that it will. I do not agree with that perception but it is what has money flows headed back into the commodity sector in general. You and I are in agreement that those who are looking for it are going to be disappointed.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27277358948968775792012-08-09T15:45:44.408-07:002012-08-09T15:45:44.408-07:00The price of gasoline has nothing to do with specu...The price of gasoline has nothing to do with speculative QE or tension in the Middle East. It has everything to do with a recent pipeline leak in Wisconsin which has restricted oil supply deliveries to Chicago-area refineries and, more recently, a refinery fire in California.<br /><br />A look at the <a href="http://gasbuddy.com/gb_gastemperaturemap.aspx" rel="nofollow">Gas buddy map</a> will confirm this for you.<br /><br />There is not going to be another round of QE announced by the Fed in September any more than there was in August, so fears of QE3 sending it higher are moot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57622595299230162802012-08-09T10:37:29.169-07:002012-08-09T10:37:29.169-07:00John - watch for rib prices to begin dropping at t...John - watch for rib prices to begin dropping at the grocery store early next month....<br /><br />keep that wood handy (and don't overcook em!)Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-91070696419726360422012-08-09T09:58:46.787-07:002012-08-09T09:58:46.787-07:00The worst part of all of this is that pork ribs ha...The worst part of all of this is that pork ribs have not gone on sale for the season!<br />My smoker sits empty.......Steinshttps://www.blogger.com/profile/00942479731737741804noreply@blogger.com