.30 cent jump here overnight. I guess the holiday weekend has the cha-ching factor. Amazing how it can jump (I've seen it go up 3 times within 24hrs) but coming down its pennies at a time over weeks or months.
Whatever, based on the rate of inflation, this is some of the cheapest fuel we've ever had.
I figure like with any period where we enter a commodity bull market, we're poised for a serious uptrend in oil prices in the coming years. Not because of demand but because of dollar liquidity. It will be interesting to so how that balancing act plays out. My guess is we'll have $7 or $8 gas before too long. 2 or 3 years maybe?