Gallon of Gas: Are The Price Rises a Cause For Concern?

by | Jun 28, 2011 | Asset Management, Stock Market Comments

Weekly Commentary for April 26, 2011

I was in high school in 1978 when the Kinks wrote “A Gallon of Gas” which was a pretty clever tune.  After all, a gallon of gas in 1978 had just gone from .45 to $1.00 a gallon.

Four weeks ago, a lot of folks were warning “if oil remains around $100 barrel, it would eventually slow down the economy.” This could be bad news for the stock market.

If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.

If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website.

Under no circumstances should the content discussed on this post be considered specific investment advice.

So, four weeks later, oil has blown through $100 and trades at $112. And what is everyone talking about?

Kate Middleton.  And Donald Trump.

And gas is now approaching $5.00 a gallonWho needs a highway, an airport or a jet, if you can’t buy a gallon of gas?

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