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Bianco Research - Retail Gas Prices and Supply

Any bets on where this is going? If you recall from 2008 the business media predicted $6 gas. And in 2005 too. Didn't get there did it?

Note price and supply correlation. Wouldn't blame it on Iran but speculators and producers.
Consumer demand is the lowest since 1997. And vehicle miles driven also down.

Got my bike ready to roll. Thinking about adding a sidecar. Squeeze in the family and hit the beach this summer. Gonna put the familymobile on blocks and cancel the insurance. Save some bucks!

Maybe Nicole can give us all some saving tips. She's real frugal - drives 100 miles to a supermarket.

Courtesy of Bianco Research
Courtesy of Bianco Research