Sunday, September 23, 2007

Gas Prices


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.

2 comments:

  1. you are brilliant...i can't believe how smart you are...are you like a doctor of economics? wow..

    ReplyDelete