Crude oil prices… Anything with a natural pun, you know you’re getting hosed.
They have sucked the life out of me. And you. Our wallets and the magnetic stripes on our credit cards…
And the oil peeps go “Doo d-do d-do d-d-do…”
The prices have dropped. Why? Because oil investors understanding that prices reaching an all time high would only be smart to rake the profit into their fat pockets. In a huge sell-off yesterday, oil slipped 10 percent, dropping the crude to less than $100/barrel.
A slight recovery today was followed by the latest trend of sell, sell, sell. So. 10 percent. Steady as she goes. Oh. wait, new data is rolling in. More sell, sell, sell. Seriously. Sell those shares, people, and businesses illegally investing company funds for personal gain. Sell ‘em!
Seriously, how much did you pay for gas over the past 6 weeks? I’m confident that the money a commuter spends on gas in L.A. over a 6 week period, probably equates to a mortgage payment for a nice home in the Midwest.
I’m hopeful we enjoy a 10 percent relief at the pumps–that would certainly see a variety of fuel sources back toward $4.00+/gallon as opposed to pushing toward the $5, jaw-dropping, default-causing prices that I thought we were destined for. I started walking more, which is quite enjoyable, but when you need to high-tail it across town, or haul a load of Girl Scout cookies to the lodge, the Radio Flyer just won’t cut it.
Yeah, we’re well aware that gas prices are consistently pushing upward, but here’s a little DYK: Did you know that the national average is $1.05 more than where it was a year ago? That prices per barrel were pushing over $115 earlier this week? At present it’s hovering right around $97–let’s hope it keeps slipping. You know we’ll pay for it in the long run. It’s not about supply, it’s about us being addicted to earth’s waste.
Are we learning any lessons? I don’t know. And it’s Friday. I don’t really care, so long as my gas is cheaper tomorrow on my way to my flag football game.
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