John Olson Market Quotations

Looking at a number of forecasters out there in the gas marketing community, the price of gas is expected to drop...to about $4.80 by August and then recover to about the $8 area by January.

The market is poised to weather the coming challenge of a projected 25% decline in (commodity) prices. How much the market discounts into the future remains to be seen. I'm telling you in the next five months gas prices might fall as much as 25%, according to some seasoned industry observers...and then recover smartly. The stock market is fickle. It probably is heading into a little heavier weather in April and May before it begins to look at the coming heating season and look at the coming (commodity) price recovery instead of the price decline.