Sept. 29, 2021

Fed Chair Powell Speaks Before Congress. Stocks Fade From Early Rally.

Fed Chair Powell Speaks Before Congress. Stocks Fade From Early Rally.

Well, you may remember last night we talked about how good it would be if we could get a jump in Gasoline Inventories, as this might help staunch the skyrocketing price of gasoline. Well, the good news was that gas inventories were up, almost 200,000 bar...


Well, you may remember last night we talked about how good it would be if we could get a jump in Gasoline Inventories, as this might help staunch the skyrocketing price of gasoline. Well, the good news was that gas inventories were up, almost 200,000 barrels, but that was far from enough to stop the rising prices. I'm afraid that it's higher prices ahead, as gasoline is currently up about 2 cent per barrel.