Wednesday, February 18, 2015

A Blip Up in Gas Prices

Two factors have combined to reverse the recent down turn in gasoline prices, some worker strikes at refineries and what I view as a minor technical upward correction in the price of oil.

In the EPJ Daily Alert,  I am advising that from a long-term perspective, the way to invest is in line with an upward trend in oil prices, but that it is unlikely we have seen the bottom. yet. Thus, we probably have one more dip in gasoline prices before price inflation takes over and pushes all energy prices higher.--RW

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