Already, here, fuel prices have dropped 5% since their highs last week. I suspect they'll be down another 10% by two weeks. After that, I won't expect more than about a 10% drop during the subsequent three months. I'd expect $1.80-1.90/gal futures during the next three weeks, then lower after that.
From
http://www.wtrg.com/daily/gasolineprice.html
Crude oil shows a similar drop already. I guarantee that many speculators have lost their shirts over the last couple days.
79 posted on
09/07/2005 7:53:37 AM PDT by
AFPhys
((.Praying for President Bush, our troops, their families, and all my American neighbors..))