Posted by David Dannenberg [108.52.148.64] on Wednesday, December 17, 2014 at 10:55:08 :
In Reply to: OT Diesel price posted by Keith in Washington [24.41.55.51] on Tuesday, December 16, 2014 at 14:10:04 :
A wise investor wrote recently something to the effect of: "I can't tell you what the price of oil will be in the future but I can tell you that it is cold in winter and people drive more in summer" Translation: demand will rise in winter and again this summer and this demand is likely to push prices up; this increase may be further accentuated if todays low prices pull some production off line for a time.
Supply and demand still drive commodity prices.