I could not believe my eyes when I read this article on the NY Times
http://www.nytimes.com/2005/09/02/b.../02cnd-oil.html
For the second time in its 20-year history, the 26-nation I.E.A. said it would provide up to 2 million barrels of oil and gasoline a day for 30 days to ease the supply shortage in the United States caused by Hurricane Katrina.
Gasoline futures prices for October delivery, which had bounded past $2.60 a gallon earlier this week, fell 9.4 percent, or 22.53 cents, to <b>$2.1837</b> a gallon on the New York Mercantile Exchange. Crude oil for October delivery fell $1.90, or 2.7 percent, to $67.57 a barrel.
I mean is that what I think it is? $2.18 A GALLON!? Hopefully the price drop hits as fast as the price hike, because there will be much rejoicing.
http://www.nytimes.com/2005/09/02/b.../02cnd-oil.html
For the second time in its 20-year history, the 26-nation I.E.A. said it would provide up to 2 million barrels of oil and gasoline a day for 30 days to ease the supply shortage in the United States caused by Hurricane Katrina.
Gasoline futures prices for October delivery, which had bounded past $2.60 a gallon earlier this week, fell 9.4 percent, or 22.53 cents, to <b>$2.1837</b> a gallon on the New York Mercantile Exchange. Crude oil for October delivery fell $1.90, or 2.7 percent, to $67.57 a barrel.
I mean is that what I think it is? $2.18 A GALLON!? Hopefully the price drop hits as fast as the price hike, because there will be much rejoicing.