Base wrote:Hunter103 wrote:Base wrote:Any of you smart economist want to tell me what will happen to gas prices in the long run in the US due to the killing of Osama Bin Ladin?
They'll continue to shoot up and this will have absolutely zero effect on that.
Well I was guessing that, but every little thing now days can change the price in gas. Reportedly "Oil down in early trading after news of bin Laden's death surface..." Per Gasbuddy on facebook. That's why I was wondering, what could happen in the long run. I also don't know how you trade when the stock market is closed.
Well, if the price of a barrel of oil goes down, gas prices (usually) go down too. But it depends on how far they fall. And summer is starting, and prices usually go up anyway.