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Monday, October 13, 2008

The road to $3 (downhill version)

A month or so ago, the Hurricane Ike spike sent gasoline prices in Huntinton upward, from a pre-hurricane price of $3.699 to a high of about $4.099.

Today on the way in to work, I saw one station selling gas for $3.299. It can be had in the high $2.80s in Columbus.

Crude prices are falling. Before the Wall Street meltdown, there was talk that investors were getting out of crude oil commodities trading, which was driving the price up.