Thursday, January 04, 2007

More relief at the gas pump on the way!

It's looking like $2 per gallon gas at the pump might become a reality in the next few weeks. Oil closed today right around $55.50/bbl which breaks a very important technical support level at $56.10. That means that prices should be headed lower in the near term. We are heading for the $50 level in 2007 just like I said mt! Sure, it took a little longer than I expected, but we will be there in the next few months. I'm sure the Dems will want to take credit for this one...

1 comment:

Anonymous said...

Okay. I'm taking that to the bank, my margarita-loving friend!