Wednesday, July 23, 2008

On the Oil Front, Some Good News (Finally)

What goes up must come down—right? In the case of crude oil and gas prices, the last several months seemed to contradict this old saw.

But the last few days have indeed seen a decline in oil and gas prices. Prices were down on the oil markets Tuesday and Wednesday, continuing a minor trend that began last week.

We have no way of knowing what will happen in the oil business next week, next month, or next year. But we'd like to see a strengthening of the dollar and more stabilization in international oil markets.

In any case, Okies have it better than the citizens of the other 49 states. According to today's Tulsa World, the average gas price in Oklahoma was $3.83 a gallon, the lowest in the nation. The national average was $4.05.

1 comment:

Evie said...

It is good news indeed! I enjoy your blog.