An excerpt from a financial newsletter that I get...
"Oil, finally responding to the "demand" side of the equation, with traders worried that a weakened economy would take the demand out, fell $6.44 on Tuesday in the biggest one-day decline since the early '90s. Then it fell again yesterday to $134.60. And today, after rising this morning, it fell another $5. Last Thursday oil had closed at a record $145.29. With today's drop, the price has come down 11% in a week, pulled down in part by falling natural gas prices."
While I haven't noticed an 11% decline in prices at the pump
...(which would equate to $3.56; down from avg. $4.00)...
...We're having an effect!!! Danged, oil terds!
Here's to keeping the pressure on.
CHEERS!
WC
"Oil, finally responding to the "demand" side of the equation, with traders worried that a weakened economy would take the demand out, fell $6.44 on Tuesday in the biggest one-day decline since the early '90s. Then it fell again yesterday to $134.60. And today, after rising this morning, it fell another $5. Last Thursday oil had closed at a record $145.29. With today's drop, the price has come down 11% in a week, pulled down in part by falling natural gas prices."
While I haven't noticed an 11% decline in prices at the pump

...We're having an effect!!! Danged, oil terds!
Here's to keeping the pressure on.
CHEERS!
WC