You can follow the wholesale price, at
http://www.bloomberg.com/markets/com...rgyprices.html

http://www.bloomberg.com/news/markets/energy.html

Also look up the Energy information office. They release weekly
inventory number every wednesday at 1030 am. The markets always react to
that. The markets haves dropped in the last week or so due to the cease
fire in Lebanon, and due the fact the gasoline inveontries increased in
the past week by 400000 barrels. The market did not expect this.

The other thing which influences fuel prices is hedge funds. These
parasites are basically speculators. We are currently in a contango
situation. The contacts in the future are more expensive than the spot
price. So you can make money by buy oil on the spot market, storring it,
and buying a contract to sell it a few months out at a profit, with a
futures contact.

Follow the market for a while on the above websites and you will get a
bit of a feel for it.

James.

Jay Honeck wrote:
In the last couple of weeks, gas around here (Iowa) has dropped 10%,
back down into the $2.70 per gallon range. (This is mogas, obviously
-- the only stuff I'll burn in my plane, if I have a choice.)

I actually paid $2.67 per gallon last night.

With all the problems related to the Alaska pipeline, this is exactly
the OPPOSITE action everyone predicted. I'm not complaining, mind
you, but I *am* confused -- why is the price of gas dropping so fast
right now?.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"