Gas Prices May Be Coming Down
I stopped and pumped $30 worth of regular unleaded on my way to work this morning. 3 months ago I got three quarters of a tank for that. With the prices at $3.30 a gallon where I get my gas, that barely puts me over a half tank now.
Oil went below $87 a barrel today. Apparently the US Dollar is picking up some value again, and since oil is priced in dollars that helps bring the price down.
The other reason is that OPEC and specifically Saudi Arabi have realized that if they keep jacking their prices they are going to cause a global eceonomic meltdown. Geez, thanks OPEC! Those guys have big hearts. If you can’t tell, that was sarcasm. Here’s the scoop on oil from Fox News.