In case anyone’s interested, gasoline prices jumped 30 cents (15%) in the last week in the Chicago area.
I have mumbled from time to time about an article I saw that correlated stock market prices with oil prices, which said that a 5% runup in oil prices was high enough to make it worthwhile to bail out of stocks and into bonds – the university researcher’s portfolio returned 11% based on that scheme. If he’s right, now is probably the time to go short. 
And it looks like now would be a good time to swap back into the market. Oil prices have dropped nearly 15% from their highs of a few weeks ago, and look to drop further.
Oil tanker stocks might be a good bet, BTW, since as more oil flows. someone’s gonna need to move it. (Edited to note: sure enough, the only stock I own that’s up today is NAT, +1.6%)
story.news.yahoo.com/news?tmpl=s … ets_oil_dc
Note: Yahoo reuses their URLs. Above quotes were in the page at the time I posted this, but may change at any time.
last week: $2 a gallon in s. illinois. this week: 1.89 a gallon.
Meanwhile, in the rest of the world…
5 cents a gallon in iraq.
how much is it in taiwan? i never paid attention and just filled up. how much has it changed of late?