This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Savor Cheap Gas Prices While You Can

That would be a great relief for summer vacationers, but the question is, will it?

After coming out of a semi-balloon type of busting of oil prices in the past few weeks, it would be more likely that markets would take that break and continue to trade sideways, if not move lower, for the next several weeks and even months. Still, both Goldman Sachs (GS - Get Report) and Morgan Stanley (MS - Get Report), the two strongest and most influential oil traders in the world, have put positive, bullish research notes out on crude oil in the past two weeks.

They both call for higher prices in the next 12 months, with the proviso that, near term, there could still be more moderating that could take place. Their "doomsday" scenarios of $120, $130 and even $150 crude prices won't happen for sure until the last quarter of this year and going into 2012 and even 2013, they say.

So if they're right, this really is a summer to savor -- even with pump prices that will likely hover more than 70 cents higher than last year. Compared to what's to come in the summers ahead, according to the trading "experts," this summer's gas prices are going to look relatively cheap.

Readers Also Like:

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
GS $205.17 0.23%
MS $38.92 0.41%
AAPL $114.64 -3.21%
FB $94.06 -0.08%
GOOG $629.25 -0.31%


Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs