Originally Posted by strobe
Gas is only up because of the hurricanes.. Last Thursday, gas was $3.55 here. I drove by the gas station Tuesday and it was $3.99. When the Ike hit Texas, they shut down a lot of the refineries. People started panicking thinking there would be a gas shortage and starting filling up their tanks, which then caused the prices to go up. It's all supply and demand. Supply was down. Demand went up. So up goes the prices.
As for the stock market.. I'm waiting it out a bit and will continue averaging in for my mutual funds. I'm pretty sure my retirement account is getting killed right now. The chances of mutual funds going to nil is like zero, so I'm not too worried. When the market turns around, I should be good.
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