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highest earnings per quarter, ever. Is that right? Maybe it’s just the American way, and right or wrong has nothing to do with it. Maybe.
Now, back to my friend who watches the stock market ticker. As I mentioned, he says that when crude oil goes up, or when there is threat to the oil supply, whether from OPEC or from a storm in the vicinity of well heads or refineries, that the gas price you pay will go up before you can get in your jitney and get to the pump. I think we all know that.
More importantly, he also posits that from a rough graph he has made of the change in crude oil prices, overlaid with the retail price of automotive gasoline, that these two track hand in hand when the crude oil prices are increasing, but, when crude oil prices come down, amazingly, there is a lag in the fall of the retail prices to match the fall in the price of crude.
96.5%