my driving is down to only one day a week now, but just the other day for the first time in over a year, it was less than $50 to fill up my tank at the gas station. i just saw this article in the nytimes:
Just as a booming global economy had steadily driven up commodity prices for six years, the current meltdown means the world needs less oil, and is sharply driving down prices.
….
Some analysts predict oil could fall to $30 to 40 a barrel as the world economy worsens.
The pillars that had pushed up the price of oil and other commodities seem to be crumbling all at once: the American consumer is in full retreat; the Chinese economy is sputtering; financial markets are collapsing; developing countries are trimming their energy subsidies; and the dollar is strengthening.
yeah! althought they also predict that this is ramping up for the next price spike…