H&W in the Media
Gasoline prices seen having a muted effect on presidential campaign
This year, so far “has seen a wide variety of outcomes for various types of commodities,” said Kevin Mahn, president and chief investment officer of Hennion & Walsh Asset Management. “Gasoline prices have risen year to date, while oil prices have pulled back to around $90” per barrel, he said, adding that gold , silver and platinum have generally risen thus far in 2012, while industrial metals such as palladium have fallen. “While many believe that high gas prices will be a critical component of the upcoming presidential debates, we don’t necessarily believe that this will be the case,” said Mahn. “We believe the national energy policy and rising commodity prices in general will be center stage due to their combined impact on the economic prosperity of so many Americans.”
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