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Old 10-16-2008, 04:36 PM   #5 (permalink)
slimpanzee
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^^^Huh? The price per barrel dropped $4.69 to settle in at $69.85 today. That's the lowest it's been since August of last year. The price at the pump drops 4 CENTS overnight to bring the national average to $3.08. Doing the math, the pricer per barrel dropped just over 6%, the price at the pump just over 1%. The price over all has dropped over 50% per barrel, yet only has dropped around 25% at the pump. To say your happy that it's $2.93 just goes to show the oil companies got what they wanted. You're happy with a high price, because it's not $4.11.

If the price did (or does) fall to 45 bucks a barrel, that price per gallon better drop below 2 bucks.