Does anyone care about oil?
September 16, 2008 by Tisa Silver
Filed under Finance
Most people are too busy paying attention to the stock market to know that oil has taken a plunge, too.
Oil dropped below $92 per barrel this morning. This is major considering the record high of $147+ earlier this summer.
When oil reached a record high in July it was the hot topic for traders, analysts, consumers, and politicians (Did you see John McCain’s ad that blamed it all on Barack Obama? LOL!). Now that oil is down 37 percent, no one seems to care.
Gas prices should trickle down soon to reflect oil’s decline, but have we become too comfortable (perhaps too quickly) now that oil is in a more acceptable price range?
