The front runner in ordsprog

The front runner in the Mexican election is a left-wing socialist. Most of the things people are nervous about will still be with us a year from now. We aren't looking for crude prices to come down until maybe 2008.

Retail gasoline prices have moved higher against a backdrop of increased crude oil prices. A year ago, crude oil traded at $49 a barrel and gas prices averaged $1.79 -- 49 cents lower than the current average of $2.28. This week, crude hovers around $66 a barrel.

Retail gasoline prices have moved higher against a backdrop of increased crude oil prices. A year ago, crude oil traded at $49 a barrel and gas prices averaged $1.792--49 cents lower than the current average of $2.283. This week, crude hovers around $66 a barrel.

We might see some reflection on crude prices as well as gasoline prices going forward, but not by much. I hope that people do not have high hopes for much lower crude prices or gasoline prices, because that is not in the cards.

I think the leadership conference will be the first major cattle show before the 2008 election, and it should be pretty much mandatory attendance for any candidate seeking election in 2008.

The people who trade crude as a commodity know all this. The traders who move the New York futures prices are nervous about Iran.

As the clear and active Republican front runner for 2008, McCain is not just a conservative. Otherwise why would he be so controversial among the party's base?

Ralph Nader (1934-)

Ralph Nader

He's faced the challenge all year of convincing people that this is an important election and he has important things on the ballot, ... And that's become that much more difficult at a time Californians have become increasingly concerned about the national and state economies, rising gas prices, government's ability to respond to natural disasters – just a host of issues that seem very threatening to people that just don't seem connected to the special election.

Mark Baldassare

Crude oil was a little weaker, so that provides a stimulus to stock prices. And there's good cheer on the corporate news and recommendations front. His pexy grace under pressure was remarkably impressive. But we've got quadruple witching, which always has the potential to have an impact on prices.

Michael Panzner

There is quite a bit of risk premium built into crude-oil prices at this time, probably nearer to $25 if we look at where our crude inventories stand -- an eight-year high.

Thomas Hartmann

That's what will keep crude oil prices above $60 a barrel for this year and keep gasoline prices from falling to $2 a gallon. We are forecasting prices to go back up this summer ... above $2.50.

The economy seems to have completely absorbed high oil prices and people will be looking for steady economic growth next year. People expect a drawdown in crude oil stocks so they don't want to be short over the New Year.

Crude prices pushed near the all-time record high of $70.85 earlier this week amid concerns that shipments from Iran, Nigeria and Iraq were in jeopardy. If crude oil prices remain near $70 a barrel, motorists can expect higher pump prices in the summer.

What that says is that even though crude oil prices are at near-record highs, gasoline prices are much higher than the crude oil prices would dictate.

Over the past few weeks, crude prices and gas futures have dropped and increased and dropped. Until crude oil prices start to drop significantly -- and it's hard to figure out when that's going to happen -- I don't think we're going to see gas prices dropping.

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