[DantesPeak]

Gasoline futures surged today as S & P reversed a controversial 2006 decision to reduce the weight of gasoline in a key commodity index - formerly known as the Goldman Sachs index.

Many speculate that the 2006 decision was politically motivated and/or a means for GS to profit from inside knowledge of the index.

$this->bbcode_second_pass_quote('', 'S')tandard & Poor's Announces 2008 Weights for the S&P GSCI(TM)

NEW YORK, Nov. 1 /PRNewswire/ -- Standard & Poor's today announced the composition and weights for the 2008 S&P GSCITM. The S&P GSCI is a world production-weighted commodity index which, in 2008, will be composed of 24 liquid, exchange-traded futures contracts. The S&P GSCI includes energy, industrial metals, precious metals, agricultural and livestock products. There are no substantive modifications to and no new contracts will be added to or removed from the S&P GSCI in 2008. The weights of the 2008 S&P GSCI are listed on the next page.

Standard & Poor's also announced that the Investment Support Level (ISL), which is the level of investment in the S&P GSCI and other commodity indices estimated to support adequate liquidity based on trading volumes, will be increased from the current level of US$ 110 billion to US$ 150 billion, effective January 2008. The increase in the ISL reflects an increase in the general level of investment in the S&P GSCI and other commodity indices.

[DantesPeak]

$this->bbcode_second_pass_quote('', 'G')asoline futures were supported by ratings service Standard & Poor's boosting the percentage weightings of RBOB to 4.55% in 2008, from 1.37% in 2007. The increase means the $65 billion to $70 billion of funds that track the index will have to boost their holding in gasoline next year.