Equivalent Of A Commodity Trading Advisor In Uk Do You Think Forecasters Predicting $7-$10 A Gallon Are Correct?

Do you think forecasters predicting $7-$10 a gallon are correct? - equivalent of a commodity trading advisor in uk

The forecasts call switching between $ 7 a gallon and $ 10 are on the idea that the price of crude oil is about $ 200 in two or three years.

Translate the price in dollars and cents at the pump, one of our analysts, sees the president of the Houston-based Dune Energy, Alan Gaines, gas rose to $ 7 - $ 8 per gallon. The other, a goods-tracker at Weiss Research in Jupiter, Fla., Sean Brodrick, projects a range of $ 8 to $ 10 per gallon.

While $ 7 - $ 10 per gallon would be a pioneer in America, these prices do not Pioneering International. For example, European drivers are already shelling 9 U.S. dollars per gallon (which includes a charge of $ 2 per gallon).

Canadians are also affected by gas prices. You pay in dollars Equationivalent of $ 4.92 per gallon, and told them the prices are about $ 5.65 per gallon this summer in preparation.

Early last year, traded at a $ 50 barrel of oil and the sale of gasoline at the national level in the range of 2.30 U.S. $ 2.50 per gallon, Gaines - in an impressive display of crystal ball - to accurately predict the Oil 100 $ bound to follow and gasoline reaching $ 4 per gallon.

His latest prediction of $ 200 oil, is questionable and undoubtedly have a significant global economic problems. In addition, nearly all energy experts to speak to any precautions that I expect a significant drop in oil prices, maybe the rifle 50 until 70 million, especially when a global economic slowdown.

While Mr. Gaines THinks could be a temporary decline in oil prices, not a total condemnation uptrend is unstoppable. In fact, he thinks $ 200 forecast could be conservative, and perhaps $ could be reached 250th His reasoning: a combination of shrinking supply and rising demand, particularly from China, India and America.