Where Are Oil and Gasoline Prices Heading?
Barron's Live
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What's Going to Happen to Gasoline Prices?
The banks are particularly inept in predicting what's going to happen with ARBAAP, which is really the first mover for gasoline prices. One bank said that in order to see real demand destruction for gasoline, you would have to go to $6.02 account. Another one had a number closer to $650 or $660. They try to model these things based on regular heuristics or algorithms or whatever. But what they don't realize is that people react to gasoline prices.
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