Don’t worry, oil prices will recover right after the first nuclear exchange in the Mideast.
Meanwhile, Speedway/Marathon pushed through a 30-35 cent INCREASE in the gas price in Central Indiana, to $2.50 yesterday.
We are paying now, what we were paying when gas was $65-75 dollars a barrel.
Gasoline still $4.00 a gallon here in California.
Oil prices are the classic ‘random walk’. They are equally likely to go up or down in the blink of an eye. The people who think they know what will happen next don’t understand how commodity pricing works.
Yeah but still paying between 2.65 and 2.50 a gallon at least up the East Coast. How was it that President Clinton was able to get us 97 cents a gallon of gas but Obama adds 1.50 at least on the gallon. Something is up. We need the 90’s back badly at least the economy.
NBR last night reported it at $47 and change.
Alla youa oirel not berong to us, ('Bout damn time!)