Posted by
Bob Wood aka TrekTek on Sunday, October 12, 2008 4:36:17 PM
U.S. gasoline price marks biggest drop ever
| Quote: |
| On Friday, fears of a global recession helped drive down U.S. crude oil futures prices more than 10 percent to the lowest settlement since September 2007. U.S. crude for November delivery CLX8 settled on Friday at $77.70 a barrel, down $8.89, or 10.27 percent, on the New York Mercantile Exchange. |
Do you suppose that Congress allowing expiration of the ban on domestic off-shore drilling had any effect? And we haven't sunk a single new well yet!
But at least now we can!
I wonder if the administration has approved any new leases for off-shore exploration and drilling yet...