Where would that be?
We're stuck here same as a month ago.
dropped 9 cents over night here.
Market is up 230 right now.
Diesel here in SE Tennessee is $3.87/gallon. The price has been going UP lately, not down. Cost me $130 to fill my truck the other day.
I'm in the SE. I've seen gas prices go down maybe 10-15 cents in the past couple of weeks.
40? Not likely.
Spot prices for delivery next month have fallen that much, but it won’t show at the pump right away.
No matter. The US is pumping significantly less oil than BO (Before Obama). Prices are coming down because investors believe that the economy is going south. If it does as Kudlow predicts it will go right back up, and stay there until we start producing more energy. Which is NOT going to happen.
As someone else in this thread points out, he is acting if the situation in Europe is not a significant variable for us. We are already sending billions over there to prop up things. If it crashes there, we will be profoundly affected.
Haven’t seen a drop here in N. CA.
If oil is so low...why are the gas prices still over $3.50 a gallon? C’mon 0bama explain that to me will ya’?