[frogjerk]

I guess an election is coming up because the price of oil is plummeting.

DIMS: "Since oil is low nobody will care if we tack on a $9 a barrel 'conservation fee'"

[bmwcyle]

Tack it on and it never goes away at higher prices, the money is spent, and we just pay more.

[RightWhale]

The plunge continues. It is across all the future contracts, not just the nearest. Bulk gasoline is also somewhat lower, but it won't affect the price at the pump more than a couple cents.

[mfnorman]

keep sliding please ... gas in my neighborhood now at $1.98

[avacado]

Dropping oil prices squeeze the cajones of Hugo and IMANUTJOB.

[FormerACLUmember]

It's Bush's fault. No really, it's Bush's fault.

[E. Pluribus Unum]

As I was saying six months ago, the oil industry was, is, and will always be cyclical.

Funny how nobody complains when the price is low.

[samtheman]

Blame it on Global Warming. No demand for heating oil.

Isn't that a shame.

[Proud_USA_Republican]

Chavez's socialist utopia imploding by the second.

[Christian4Bush]

It's Bush's fault

I find the timing suspicious

Pelosi Is Severely Saddened

/s?

[showme_the_Glory]

Time to stop by the Hummer store.

[Pamlico]

IMO, this is a strategic decision made by the Saudi's to hurt their enemies. Forget their rhetoric, the Saudi's primary concern is not Israel, it is Iran. By pushing down the price of oil Saudi Arabia will defund and possibly bankrupt not only Iran but also possibly Venezuela, Russia etc. The whole world benefit and the benefits would extend far beyond our personal costs of tranportation.

[LS]

Gas at $1.95 here in OH today.

[Enterprise]

NYMEX presently at 50.70 for Oil and 1.37 for gas.