Oil Prices Are Losing!

This has been a great week only because the price of oil has dropped nearly $10 a barrel. The main reason the barrel of oil is at $115 is because the greenback is worth more. The worth of our money and with investors switching to stocks drove the stock market sky high today. And the price at the pump as also dropped. The average once was well above $4.00 a gallon, but today it’s at a national average of $3.84 a gallon. The thing bothering me is the price of gas in my area is still above $4.00 a gallon. Hopefully we will be at the national average very soon. And Hopeful next week oil will continue to drop and stocks remain going up.

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This entry was posted on Friday, August 8th, 2008 at 10:17 pm and is filed under Economy, Investing, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.