Bets being taken now:
Gas prices will fall to $2.00/gallon
Air travel fuel supplements will be removed
Heating oil much cheaper
None of the above
The price of crude is supposed to be about 80% of the price of a gasoline.
It’s $2.85 here. (last I checked)
But I had to pump my own gas.
Gas prices fall to $2.50 a gallon.
Fuel surcharges will disappear (but customers may have to complain in some cases
And yes heating oil will be cheaper.
The Iranians and the Venezuelans riot since their governments cannot sustain their spending levels at $40 to $50 a barrel. I am not sure it drops to $30.00 but possible.
$40 to $50 seems more likely.