Sites reflecting the price of oil and gasoline futures, for the last few weeks, have been included in my frequent bookmarks folders. Upon checking on these prices tonight, I see that crude is at $56.13 and gasoline is at $1.388. This is the first time I have seen crude below $57. This is also the first time I have seen gas below $1.40.
The breaking of both these barriers have occurred since this morning. Nice.
Update:
And at this point, less than a day later, crude is up above $57 and gas futures are close to $1.50 a gallon. What the hell, man?
Wha Says:
Gas in Venezuela isn’t hurting things.
“Chavez has become one of Latin America’s most vocal critics of U.S.-style capitalism, which he calls a major cause of poverty.”
Should I feel bad taking gifts from a country that is by far worse off than us?