Gas/Oil prices near low
Recently, within the last several weeks I have noticed that teh prices at the local gas station have dropped from $2.09 to $2.06 to $1.99 and now to $1.94.
Earlier this year there were some stories about potential of oil storage being 'operationally fully' at 85% or more of capacity, and I think this recent drop in oil prices is showing that.
After the big drop earlier this year, I had expected prices would recover a little, instead prices are dropping again.
If gas prices drop to $1.90 or lower then it will be like a new low for the past few years.
Louis J. Desy Jr.
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