BenedictGomez
Well-known member
Just heard $2.77 in Jersey...
Paid $2.73 yesterday at Mobil, and the Mom & Pop station next to it was $2.71 (that's the lowest I've seen).
Overall barometer of economy? Hope not. Hoping more natural gas demand shift
It's everything. Oil is being hit with a perfect storm of high supply and lower demand, as well as the poor economy which lowers forward predicted demand, the fact the Saudis have thrown in the towel and will fight for market share rather than enact a cut, the stronger USD, etc..... It's a weird combination of all simultaneous bad news for oil.