The Mudcat Café TM
Thread #114271 Message #2437825
Posted By: pdq
11-Sep-08 - 07:06 PM
Thread Name: BS: October surprise: Bin Laden captured?
Subject: RE: BS: October surprise: Bin Laden captured?
"...I expect gas prices to come down some more."
Yep, as the internationally-determined crude oil price drops, the US companies can still make a reasonable return and charge less for gasoline. They make about 7-10% per year. Compare that to investment bankers like Soros who has averaged 23% per year since 1969.
Here is today's price:
Dated Brent Spot 95.89 ($/barrel)
Looks like about 2/3 of the price it was on the July 4 weekend.