According to http://www.oil-price.net/ , as of 1 p.m. CST,
West Texas Intermediate crude has fallen below $100/bl to $97.88/bl, a drop of $4.66 (4.54%).
Brent Crude (Europe) price tumbled $3.66 to $112.50/bl.
The linked story ties it into today's BLS jobs report and fears of a global economic slowdowm.
While the price decrease normally takes a few months to be reflected at the pumps, my local gas station has dropped regular from $3.71 to $3.63 recently and I saw it as low as $3.48 about 100 miles to the north.
To: OrangeHoof
Who said berry could not bring oil prices.
To: OrangeHoof
I’m sure the White House is torn about this, hoping to find a way to kill jobs AND raise energy prices, ...
4 posted on
05/04/2012 11:24:59 AM PDT by
newgeezer
(It is [the people's] right and duty to be at all times armed. --Thomas Jefferson)
To: All
Y’up...those evil speculators now driving the price down.
5 posted on
05/04/2012 11:33:55 AM PDT by
Prov1322
(Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
To: OrangeHoof
Earlier this week gas here in NE Indiana went from $3.73 to $3.99.
6 posted on
05/04/2012 11:36:07 AM PDT by
John W
(Viva Cristo Rey!)
To: OrangeHoof
But...but...the unemployment rate went down. The economy is improving! The network news told me so.
7 posted on
05/04/2012 11:36:16 AM PDT by
denydenydeny
(Admiration of absolute government is proportionate to the contempt one has for others.-Tocqueville)
To: OrangeHoof
Yep, nothin' like a good depression to F up those demand curves !
12 posted on
05/04/2012 2:03:14 PM PDT by
tomkat
( FU.baraq <font finger=middle>)
To: OrangeHoof
Soooo...gas will be $1.80 per gallon by next week?
To: OrangeHoof
The high gas and oil prices have already done their damage to the economy. In fact, our economy can’t handle gas prices over $3.25/gallon.
14 posted on
05/05/2012 8:26:16 AM PDT by
Thunder90
(Romney barely won in OH with a 12-1 money advantage, he can't beat Obama that way.)
To: OrangeHoof
Think the Saudi’s are trying to influence our election?
15 posted on
05/06/2012 6:08:21 AM PDT by
CPT Clay
(Pick up your weapon and follow me.)
To: OrangeHoof; mickie; flaglady47
Prices are dropping as a direct result of the grave warnings issued to evil speculators by President Barack O'Sama and Ubermensch Bill O'Reilly.
Leni
16 posted on
05/06/2012 6:32:51 AM PDT by
MinuteGal
(No control of historic Mt. Rushmore by UN... Get the U.S. OUT of the UN. Get the UN OUT of the U.S.)
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