Thread: Check this out.
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Old 07-04-2008, 02:41 AM   #5
richfaa
Montana Master
 
Join Date: Jan 2005
Location: North Ridgeville
Posts: 20,229
M.O.C. #2839
That is a interesting concept...We did it with our natural gas usage..Locked in a price for 3 years.. That is called speculation same thing that is now driving the price of energy up. Right now..today..if you travel a lot the odds may be in your favor that the price of fuel will not come down.. Example if we could have done that in November of 07..diesel 2.53/2.57 per gallon..5 months later it was over 4.00 per gallon. This is still not Nov 08 at nearly or over 5.00 per gallon..That is what speculation is all about..Welcome to the commodities market. We chose to cut back fuel usage thereby saving even more. But we are thinking hard about doing it.....Maybe....
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