Oil takes a tumble

February 12, 2009 – 11:08 pm – No Comment

Today when I was driving past the gas station I noticed that, once again, gas had gone up. This time from $1.86 to $1.89, however when it came time tonight to write today’s posts, oil had fallen. Now, I know to take my own advice (sometimes) and check the gas futures instead of oil per barrel prices, but this is getting out of hand.

When oil goes up, gas stations and refineries have no problem charging consumers more, but when it goes down…oh no…Now, sure gas is wayy down from last summer, but at the same time, it shouldn’t be where it is now. I had to explain to my friend why gas costs more when oil keeps falling and the explanation I gave her didn’t even make much sense to me.

Oil dropped to $34 a barrel today because of “economic fears.” Economic fears has become the leading cause of anything to happen it seems like. Hmm.