How The Market Affects Gas Prices
A recent downturn in gas prices has come as a welcome relief to most drivers in North America. The timing,Dame Nike Free 3.0 V2 Azure Grå Hvid Sko, however, of the price drop has many people thinking conspiracy theory. A recent poll of Americans showed that a staggering 42 percent of respondents believe that George W. Bush and the ruling Republican administration in Washington lowered gas prices in time for the November 2006 mid-term elections. While this may or may not be the case,Nike Zoom Kobe VI Black Del Sol Sko, the various stock markets around the world do have a real time impact on the price of oil,Scuro Grigio Hogan Uomo Oympia Scarpe, and therefore gasoline.
The biggest culprit in the lowering of gas prices might actually be Mother Nature. In preparation for the upcoming hurricane season,Christian Louboutin chaussures Vous vous le 70mmvente pas cher, many investors on Wall Street and around the world invested heavily in gas and oil futures,Christian Louboutin Très Prive Spikes chaussures 120mmLivraison gratuite pour vous, guessing that another direct hit by a Katrina-like storm directly on gas and oil pipelines in the Gulf of Mexico would send prices through the roof like they did last year. But a recent correction by hurricane forecasters who downgraded the 2006 hurricane season caused the price of oil to plummet and all those investors who bought futures to cry.
But it wasn just the hurricanes that did it. The announcement coincided with the end of the summer season for drivers,Christian Louboutin chaussures Ambertina 150mmLivraison gratuite pour vous, which also dragged down the price of oil. The price of oil over this time fell off the table,Christian Louboutin Peep Sling Lady 150mm chaussuresvente pas cher, going from an August 7th high of $77 a barrel to $58 a barrel in October. It doesn take long for this drop in prices to be felt at the pump.
This seismic shift in oil and gas prices over such a short amount of time left many investors in deep financial trouble. At least one mutual fund that was invested heavily in oil and gas futures went belly up due to this dramatic drop in prices. At the same time,see more, there were other funds that did quite well despite the portfolio-ruining drop in oil prices. As they say in sports, sometimes it better to be lucky than good.
While it may be naive to think that global politics never plays a part in the world commodity markets,read more, it is unlikely that the sole reason for the massive and speedy drop in oil prices was due to upcoming elections. The number of variables that play on the world stocks,Nike Air Max 2011 Mesh Cool Grey Cyan Sko, bonds and commodities is too vast in number to be influenced completely on one country elections. 相关的主题文章：
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