Even with rising gas prices having an increasingly big impact on consumers' wallets, investors can use the price spike to their advantage, according to the Street.
For the past 30 years, March has been the best month for crude oil, according to the article. Over the past 5-, 15-, and 30-year cycles, West Texas Intermediate crude oil prices have risen in March and have usually continued to increase through September.
Conflicts with Iran are part of the reason for the increased gas prices, but there are other reasons as well. The world's decreasing supply of oil, is one of those reasons according to Credit Suisse. Currently, the number of oil demand cover is at a low of approximately 57, a level seen in 2004 and 2007. This means that any disruption in demand will most likely result in higher prices, according to the article.
Click to read the full article at thestreet.com
EMAIL: [email protected]