[Star Traveler]

I hope that means that the price of oil, and of gasoline keeps going down. It’s already $1.36 in Oklahoma (for a low price...). I’m hoping for 99 cents a gallon... :-)

[old_sage_says]

Regular gasoline prices are mostly $1.24 and $1.25 per gallon here in Salem VA. Along the Salem interstate 81 exits, the price is $1.59 at some gasoline stations.

[Dusty Road]

I hope that means that the price of oil, and of gasoline keeps going down.

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I'd like to see oil stabilize at about 75 a barrel.

[thackney]

I hope that means that the price of oil, and of gasoline keeps going down.

Just the opposite. It means that investors are confident enough to pay storage costs believing the rise in prices will result in more profit later even after paying the additional expenses.

Look at the futures market and you can see how quickly they believe it is going to rise. Up $9 in five months.

Crude Light Oil Comp. - nymex
http://online.wsj.com/mdc/public/page/2_3028.html?category=Energy&subcategory=Petroleum&contract=Crude%252520Light%252520Oil%252520Comp.%252520-%252520nymex&catandsubcat=Energy%257CPetroleum&contractset=Crude%252520Light%252520Oil%252520Comp.%252520-%252520nymex