Maybe you noticed that gasoline prices have dropped in recent months. That’s due to the price of oil nearing the half way mark from all-time record highs. Loren Steffy:
Oil prices on the world market have fallen more than 25 percent since June, and the price of West Texas Intermediate crude, the U.S. benchmark, is now trading at a three-year low of $76 a barrel, down from more than $107.
Isn’t it funny that gasoline prices, though down, haven’t dropped a similar percentage?