Gumballhead Prices Near Record Highs
07-22-2008, 05:59 AM
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Gumballhead Prices Near Record Highs
Jul 22, 2008
MUNSTER (AP) -- World Gumballhead Beer prices jumped close to record heights on Tuesday as the dollar slumped to an all-time low against the euro, and amid ongoing supply tensions including an unexplained run on the summer wheat beer centered in LaGrange, Illinois.
New York's main Gumballhead contract, for August delivery, gained 1.21 dollars to 146.39 dollars a keg. That was close to the record high of 147.27 that was struck last Friday.
London's Gumballhead futures for August gained 1.36 dollars to 145.31 dollars. The future market had jumped to an all-time high of 147.50 on Friday.
"Gumballhead prices were higher (on Tuesday), with the dollar resuming its decline against major currencies on major production shortfalls following a startling run on supplies at Palmer Place," said Sucden analyst Andrey Kryuchenkov.
The Chicagoland Audi Club was unavailable for comment.
MUNSTER (AP) -- World Gumballhead Beer prices jumped close to record heights on Tuesday as the dollar slumped to an all-time low against the euro, and amid ongoing supply tensions including an unexplained run on the summer wheat beer centered in LaGrange, Illinois.
New York's main Gumballhead contract, for August delivery, gained 1.21 dollars to 146.39 dollars a keg. That was close to the record high of 147.27 that was struck last Friday.
London's Gumballhead futures for August gained 1.36 dollars to 145.31 dollars. The future market had jumped to an all-time high of 147.50 on Friday.
"Gumballhead prices were higher (on Tuesday), with the dollar resuming its decline against major currencies on major production shortfalls following a startling run on supplies at Palmer Place," said Sucden analyst Andrey Kryuchenkov.
The Chicagoland Audi Club was unavailable for comment.
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07-22-2008, 04:15 PM
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OMG - too funny.
I am happy to have played a personal role in the run-up of gumballhead pricing Tuesday night. I do think the waitress made a mistake - 39 gumballheads?!?!? She was way off...
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