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So, If gas hits 5 a gal this summer...
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<blockquote data-quote="Allen" data-source="post: 340302" data-attributes="member: 389"><p>I'm going to hazard a guess that like pretty much everything else in life, this too shall pass.</p><p></p><p>Also, food for thought here. But since most small to medium sized oil companies use hedges to secure funding for drilling, I'd guess that something around 50% of all oil produced in the U.S. is currently hedged for between $55-65. So just think of what fuel prices will be if this lasts long enough to get future hedges into the $90+ range. Bottom line is the refiners are making bank off of this!</p></blockquote><p></p>
[QUOTE="Allen, post: 340302, member: 389"] I'm going to hazard a guess that like pretty much everything else in life, this too shall pass. Also, food for thought here. But since most small to medium sized oil companies use hedges to secure funding for drilling, I'd guess that something around 50% of all oil produced in the U.S. is currently hedged for between $55-65. So just think of what fuel prices will be if this lasts long enough to get future hedges into the $90+ range. Bottom line is the refiners are making bank off of this! [/QUOTE]
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