Gas Price Chicken-or-the-Egg

Once upon a time, I used to think that you forecasted oil stocks by watching prices at the pump:  falling gas prices were bearish for the stocks; rising prices, bullish.

Now, I think it’s the reverse, i.e., to forecast prices at the pump, you watch the action in oil company stocks.

So, what are they doing now (notwithstanding easing gas prices since mid-May)?

Stocks like ExxonMobil, Chevron Texaco, and Occidental are all making new highs.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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