By Plane, Train AND Automobile…
July 2nd, 2006 by Grant in: Travel
According to an AP news story, a record 40 million people will be traveling this 4th of July weekend, and of those, 34 million will travel by car.
Evidently the high prices at the pump are not high enough to curtail many travel plans, which leads me to believe that the recently softened demand for unleaded gasoline will make a u-turn during peak driving season.
This doesn’t bode well for my plans to short Valero Energy (VLO: chart) for a quick couple points, however it will remain to be seen if there is enough volume in the markets on Monday to keep the price above $66.
Happy 4th of July!
Leave comments
Subscribe to Comments
Loading ...
