Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

From: Wade	3/15/2011 7:36:52 AM
	of 44683

finance.yahoo.com From Gas to Gadgets: Japan's Disaster Means Higher Prices "Crude prices have now fallen 6% in the past five trading days and hit a two-week low Monday. But don't expect any relief at the pump, where the average price for a gallon of regular was $3.54 on Friday. As everybody knows, gas prices don't track oil prices nearly as closely when crude is falling versus when it's rising. Furthermore, even if Japan's demand for crude falls, its need for gasoline and other "distilled" products is expected to rise because of the damage done to the nation's refineries. "That is going to drive up the market price for everything from diesel and gasoline to jet fuel," James DiGeorgia, editor of the Gold & Energy Advisor, tells The LA Times. Furthermore, the drop in oil prices is expected to be short-lived unless Japan's disaster tips the world economy back into recession, an unlikely scenario barring a total nuclear meltdown. Japan will need plenty of energy for its rebuilding effort, and if the accident at Fukushima prompts a backlash against nuclear power, in Japan or elsewhere, that will only mean more demand for "conventional" sources, most notably oil. (See: Japan's Nuclear Meltdown Has Congress Questioning Nuclear Energy)"