1/11/2007


Crude drops below $54, a full twenty seven dollars off the highs set earlier in the summer of '06. Every $1 move in crude is supposed to be five cents off the retail price of gasoline. Is gasoline $1.35 cheaper where you live? Think it ever will be? Chart (courtesy Future Source) is a monthly so you can see the past.... Click on it for clear view. $50 is MAJOR support, a close under $50 means.......???? Could be a world problem as oil producers cut back drastically.

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