Contrarian Stock Market Investing News - Featuring Bargain Stocks » Wallets http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Pain at the Pump: No End to Gas Price Hikes? http://www.contrarianprofits.com/articles/pain-at-the-pump-no-end-to-gas-price-hikes/1454 http://www.contrarianprofits.com/articles/pain-at-the-pump-no-end-to-gas-price-hikes/1454#comments Tue, 22 Apr 2008 10:17:40 +0000 Contrarian Profits http://www.contrarianprofits.com/articles/pain-at-the-pump-no-end-to-gas-price-hikes/ Crude oil yesterday shot past $117 a barrel. Sky-high oil prices are now hitting Americans where it hurts: their wallets. The average price US drivers paid for gasoline has soared to a new high of $3.51 a gallon, rising a hefty 11.9 cents over the last week.

“The rise in the oil price has little to do with supply and demand, says Phil Flynn of Alaron Trading over at Casey Research,” and has everything to do with the value of the dollar … It really is all about the dollar right now and if the dollar shows any sign of strength, you’ll see a lot of money come out of oil very quickly.”

]]> Crude oil yesterday shot past $117 a barrel. Sky-high oil prices are now hitting Americans where it hurts: their wallets. The average price US drivers paid for gasoline has soared to a new high of $3.51 a gallon, rising a hefty 11.9 cents over the last week.

“The rise in the oil price has little to do with supply and demand, says Phil Flynn of Alaron Trading over at Casey Research,” and has everything to do with the value of the dollar … It really is all about the dollar right now and if the dollar shows any sign of strength, you’ll see a lot of money come out of oil very quickly.”

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