You know I've been holding my tongue about the price of gas lately, as it seems to be creeping up to the $3 range, and then I read a story that says oil is dropping in price. So should these oil companies be faster at getting the price down at the pump or are we just going to continue to get screwed by these bastards.
Oil prices continue to dramatically spiral downward. A decline in U.S. pump prices apparently will be more drawn out.
Oil fell below $70 Monday for the first time since February due to concerns about the European economy and weakness in the euro. The price has dropped nearly 20 percent since hitting an 18-month high of $87.15 a barrel during trading on May 3.
The decline is expected to soon reduce consumers' gasoline bill. But so far, the cost of a gallon of gas has fallen just 2 percent nationwide since peaking earlier this month at $2.929 per gallon. That pace should pick up heading into the Memorial Day weekend and the summer driving season.
Oil fell below $70 Monday for the first time since February due to concerns about the European economy and weakness in the euro. The price has dropped nearly 20 percent since hitting an 18-month high of $87.15 a barrel during trading on May 3.
The decline is expected to soon reduce consumers' gasoline bill. But so far, the cost of a gallon of gas has fallen just 2 percent nationwide since peaking earlier this month at $2.929 per gallon. That pace should pick up heading into the Memorial Day weekend and the summer driving season.
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