Thread: Fuel Prices
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  #32  
Old September 12th 05, 06:05 PM
Mike Rapoport
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If you can determine when the price is high and when it is low it would be
better to speculate in the futures market than pump gas for a living.

Mike
MU-2


"Gig 601XL Builder" wr.giacona@coxDOTnet wrote in message
news:Yu%Te.27417$7f5.7148@okepread01...

"George Patterson" wrote in message
news:mS_Te.369$252.270@trndny05...
Matt Barrow wrote:

He might not have enough cash to replace it, gallon-for-gallon (unless
he's
really loaded which is unlikely) if the price spikes continue.


He may also run into another problem, though my crystal ball says he
won't. If you buy a tank of gas at a peak price and index your price to
the price you paid, you may be stuck with that tank if the price then
drops. This happened at Lakewood airport two years ago.



I've seen that happen. The best bet in a fluctuating market is to by as
little as you can while the price is high and as much as you can when it
is lower. Since we don't know what the OP's tank and supplier situation
this may not be an option.