Nine handle here we come. I hear Pickens is calling for $100. Sure. Why not?
We'll notice this sooner or later. As consumers that is. The crack spread has collapsed lately and higher per barrel prices have yet to translate in to higher prices for refined product. That won't last. Look for gas prices to head higher.
Geopolitical plays a role here too. Turkey suggesting an incursion into Iraq. Bush talking about WW3 with Iran/Russia. Fun stuff.
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