Fuel Economy, Hypermiling, EcoModding News and Forum - EcoModder.com - View Single Post - Oil Prices Plunge to Below $70 per Barrel

tjts1 · 10-16-2008, 03:41 PM

Its a futures market traded 3 months in advance. The price of crude oil today reflects the price of gasoline 3 months from now, not today.

10-16-2008, 03:41 PM	#3 (permalink)
tjts1 Banned Join Date: Feb 2008 Location: california Posts: 1,329 Thanks: 24 Thanked 161 Times in 107 Posts	Its a futures market traded 3 months in advance. The price of crude oil today reflects the price of gasoline 3 months from now, not today.