Sunday, June 01, 2008

$4 a Gallon Gas Now Ubiquitous

This weekend, I had the privilege of driving around the San Francisco Bay Area. I didn't see one gas station that was selling regular gas for less that $4 a gallon. Even the so-called 'cheap' stations were selling gas for $4.29 a gallon. Diesel wasn't selling for less than $5 a gallon anywhere. It was only on May 1, only one month ago, that I thought that gas above $4 a gallon was shocking and may have just been an aberration. Now it seems that $4 a gallon gas, at least in California, is now ubiquitous. [This word is now becoming ubiquitous, so I will stop using it for a while.]

1 comment:

Unknown said...

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Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

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To name few
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

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