All Industries Value Investing Message Board

6/20/2012 3:24:18 PM

Gas futes starting to trade the August contracts at $2.50 this week. At least another 20 cents to decline before paring off with October contracts around $2.28. That should get pump prices down to $2.75 this fall. Still way too high, but better than $4.

I think it's safe to say the market is getting more comfortable with lower oil prices. Decoupling from the beginning of May has been awesome.