Posted By RichC on November 1, 2008
While driving across the state on Friday, several stations were selling gasoline below $2.00/gallon. It does feel a bit better to be filling and traveling paying $1.89/gallon than twice that much only a couple months ago. (average price was $4.07 for unleaded regular on June 23, 2008 – LINK)
We have certainly seen what speculators can do to rapidly move prices up (see June) and see how drastically things can change in the opposite direction too. One does have to wonder just how low oil can go?