Saturday, July 05, 2008

Oil price drops $1

The price for oil dropped a little more than $1 per barrel in trading yesterday. According to published news reports, the fears surrounding Iran's nuclear program are easing and - with it - concerns that the American or Israeli military will take action against one of the world's largest oil producers.

Thank God! I was starting to think that I'd have to take out a second mortgage the next time and have to gas up my car.

1 comment:

darling24_7 said...

Gas pries are getting silly. I cant say no to it though I keep going back for more. Someone save me from this ugly relationship.

:)