Klein on Iraq oil, food & oil price rise - Page 2 - Fuelly Forums

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Old 11-10-2008, 03:31 AM   #11
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Originally Posted by Snax View Post
Well I think like the price of gas lags the spot price of oil futures
I did a statistical analysis of this a few years ago. The highest correlation between oil futures & pump prices was with a 60-day lag (I considered 0, 30, 60, and 90 days for my analysis).

The past few years has been a lot more volatile, but I suspect that the 60-day lag is still the most accurate.

-BC
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Old 11-10-2008, 06:41 AM   #12
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A local grocery chain recently announced that they were "slashing prices" by 10% due to the lackluster economy in an effort to help out the consumer! LOL!

You gotta love marketing departments. They would be as bad as political campaigns if we let them.
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