Barrel of crude onlyc cents away from falling into the $40s

PsyKoH · #1 (**permalink**) 11-20-2008, 09:08 AM

It's currently trading at $50.69...

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PsyKoH · #2 (**permalink**) 11-20-2008, 10:04 AM

in other news:

Ford is trading cheaper than gas and is only a dime away from pennies territory.

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carfreak67 · #3 (**permalink**) 11-20-2008, 10:23 AM

Oil is finally back down to where is should be.
But give it a few months and it will start to creep back up. We're just seeing the pendulum swing in the direction of lower prices right now but it will swing back the other way.

**chriD** · #4 (**permalink**) 11-20-2008, 12:27 PM

Yup, it'll swing back. Hopefully not all the way back to $120+ though...

Average gas price for regular is almost under $2/gal

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Serg Zone · #5 (**permalink**) 11-20-2008, 01:59 PM

Have you bitches heard of RSS feeds? Apparently not.

PsyKoH · #6 (**permalink**) 11-20-2008, 02:04 PM

huh?

**Sassan** · #7 (**permalink**) 11-20-2008, 06:52 PM

If oil keeps going down, the economy will only get better.....I believe truly in that

**chriD** · #8 (**permalink**) 11-20-2008, 07:00 PM

Quote:

Originally Posted by Sassan [Only Registered Users Can See LinksClick Here To Register]

If oil keeps going down, the economy will only get better.....I believe truly in that

It'll help, no doubt. We would be in far worse shape if gas was still $4/gal. But it won't be the major thing that turns things around. We need to fix this housing mess and then the credit markets...