Could Leveled Oil Prices Bring Gas Savings?

Moneywatch.com editor at large Jill Schlesinger talked with Dave Lee on the WCCO Morning News today. 

 She says that if oil prices stay under one hundred dollars a barrell for awhile, the price of gas could really come down.  Here are Jill and Dave previewing the wall street week ahead.

Comments

One Comment

  1. Swamp Fox says:

    By all reasonable accounts and forecasting oil prices should come down. BUT, since oil speculators finagled the oil futures prices the price at the pump will not drop significantly to under $3.00 per gallon for a long time, if ever!

    Don’t forget Big Oil wants their share of oil profits! Big Oil’s hired-guns [speculators] are just waiting for the next chance, world crises, or opportunity to strike. Isn’t that why the US subsidizes Big Oil? [chuckle]

    Don’t hold your breath for prices to fall. Invest in buying an efficient bio/syn- fuels green car. The money you save now on fuels will help with your future.

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