Oil Prices Falling For Sixth Straight Day

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WTI $60.61, Brent below $65. That smarts! Will this at least translate to pump prices?

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The correlation never seems to work they way we drivers want it to. I'm not bothered about low oil prices. Bad things happen when they get too high, and it's usually recession. 

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A rather painful correction, but one that many analysts were saying we were overdue for. But listening to analysts project oil prices is mind boggling. It's not like any of them have a clue. The ones that prove to be correct were only correct because someone has to be. Tomorrow, a different analyst will have it right. 

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If only that could stop them talking...

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Set your sights high, I always say.

On 2/9/2018 at 4:51 AM, Marina Schwarz said:

If only that could stop them talking...

 

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I wonder if we'll see this correction at the pump... probably not

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probably not. According to Gas Buddy, for regular unleaded, 

PriceDownArrow.png

Prices are Down 3.9 ¢

from Last Week's Avg* of $2.607


PriceUpArrow.png

Prices are Up 3.3 ¢

from Last Month's Avg* of $2.535

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