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Why gasoline is headed higher now
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Tuesday, January 19, 2010
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From Brad Zigler on Hard Assets Investor:

Have you ever seen Costco customers wrestle with their overflowing carts and wondered, where are they going to store all that stuff? You don't have to ponder such things when you queue up to purchase Costco's petrol. Pretty much everybody's buying gasoline a tankful at a time, no matter how cheap it is.

Wholesale buyers with storage capacity, however, might be looking at the gasoline market now thinking it's as cheap as it's likely to get this season.

In case you haven't been watching this market, unleaded oxygenated blendstock (RBOB) for March delivery backed off a per-gallon high near $2.20 to retrace half of its end-of-year rally and is now poised to...

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Topics: Energy | Commodities
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