Bernthal – No Way To Predict Gas Prices

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ST. LOUIS, MO (KPLR) - I think I'm done guessing when gas prices are going to go up or down.  A few weeks ago we reported that the switch to winter heating oils should drive prices down.

I still had a half a tank so I waited for the price drop.  Gas prices went up 20 cents.

I filled up and then sure enough, the price dropped in a hurry.

So called experts say it's all about supply and demand ... And all about speculators.  I wonder how much of factor competition is.

Sure there are gas stations on just about every corner.  But there are only a handful of companies that own them.

It's great for them, if someone comes in a lowers the price on a corner, the big oil companies can go low enough to drive them out of business.

The only problem is, once they're out of business then the price goes back up.

So I'm going to stick with picking football games.  I'm not very good at that either but it's better than guessing when gas prices go up or down.

I'm JB and that's the way it oughta be.