CNN states gas prices set to go down

Question

https://money.cnn.com/2015/05/22/news/economy/gas-prices-memorial-day/index.html

simply states crude to be near 40.00 by october
2.50 a gallon due by july
2.00 by october
refineries now operational running full capacity.

my personal analasis includes Yemen war in ceace fire slated for peace talks
supply issues no longer a concern as saudis enter the fifth straight record breaking operation month flooding crude markets, banks delt a 5 billion penalty for currency manipulation and dollar now stabilizing as fed chair women announces rate hikes on borrowing....

nature1970 · Answer

https://money.cnn.com/2015/05/22/news/economy/gas-prices-memorial-day/index.html

simply states crude to be near 40.00 by october
2.50 a gallon due by july
2.00 by october
refineries now operational running full capacity.

my personal analasis includes Yemen war in ceace fire slated for peace talks
supply issues no longer a concern as saudis enter the fifth straight record breaking operation month flooding crude markets, banks delt a 5 billion penalty for currency manipulation and dollar now stabilizing as fed chair women announces rate hikes on borrowing....

Knoxpoker · Answer

They want the average moron who listens to CNN for investment advise to short so the big boys can eat up those shorts with buy orders..

Rule 1 . Do not listen to CNN.

It can go below 50 . But it will be a gift if it does.. Because a break below 50 everyone who is a trader , a real trader , will gobble up futures contracts there ... No way you see 40.. We see 80 before we see 40 ..

Ans where are all the people that said oil was going to 20 ?????????? Thanks ...

Raiders22 · Answer

Not too complicated to make this prediction.  Prices generally peak now for gas and by end of year are down. Crude not always the main factor.  The ratio also moves apart from crude.  Think this article is mainly talking about gas prices dropping as they normally do after summer peak.

nature1970 · Answer

k.... its 45 region and iran has yet to spill legally eu wants the price at 38.00 eu which states petrodollar at 33.00 but lets see what winter grade sellls at the pumps already 195.9 in nj see if it slips to 1.499 by october wanna bet .... give you over under odds....

nature1970 · Answer

i&#x27;d selll short mcgovern and buy back sept 25th.... but just myn play on nov futures

trust-me · Answer

Goldman sent out this call nd I wouldn`t listen to them t alone cnn or and of the talk heads on cnbc or cnn period

nature1970 · Answer

well oil setting again a new production record for the fifth straight month. a hiccup in gas prices as a key pipeline from carolinas to new jersey shut down gas fumes were present no hurricane to blame i guess and the production of winter grade started in production a lot less expensive fuel to produce gas set to decline to near 2.00 as a national avg oklahoma already seeing the 1.599 mark. oil has leveled to 45.00 but the conclusion of iran settlement reached with all but america onboard the oil should be driven to a 39 bbrl. mark by mid october. 1999-2000 it reached a ten brrl. but this might not be realistic.

nature1970 · Answer

of a greater concern america has cut production for a fifth straight month to generate an oil bubble we were with the help of venezuala canada and mexico set to become 100% self sufficient in oil from this part of the world and entirely independent from middleeasts oil but slowly we are drifting back to a realm of 50/50 to bad greed outways common sense in these matters ,

nature1970 · Answer

only place to see the 1.49 mark Oklahoma  national avg at 202.9 according to aaa travel. but still a god day for travelers.

nature1970 · Answer

non to shabby for cnn to edict this 5 months head of the fact...

CNN states gas prices set to go down

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