
For the best article ever on why gas prices reflect future expectations go to this link: http://www.stlouisfed.org/publications/re/2007/c/pages/gas-prices.html The graph shows how the spot price conveys information and prices adjust almost instantaneously.
Click to enlarge the graph or go to the St. Louis Fed website.
you are brilliant...i can't believe how smart you are...are you like a doctor of economics? wow..
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