Texas Crude oil futures fought long and hard to hold the 80 level, but now that has given way - and in a BIG way - going below 78 in trading today. Where will this rout end and what does it mean for you?
First off - much, MUCH lower prices at the pump. Gas will be heading lower in your area. How much lower is the magic question, but it seems another 10-15 cents could melt off the current pricing. Just in time for the Thanksgiving holiday. So, it's a mixed bag for the economy. Lower gas prices do put more money in the pockets of Americans to spend - however, it also will hurt the profits of some very big companies. Stay tuned.
First off - much, MUCH lower prices at the pump. Gas will be heading lower in your area. How much lower is the magic question, but it seems another 10-15 cents could melt off the current pricing. Just in time for the Thanksgiving holiday. So, it's a mixed bag for the economy. Lower gas prices do put more money in the pockets of Americans to spend - however, it also will hurt the profits of some very big companies. Stay tuned.