oil hype2

A few posts ago in the summer I said in this blog that oil prices were too high. I don't want to say I told you so because even though I had thought oil prices would drop a good amount, I had no idea they would plummet to $40 a barrel! I can't believe that the same gas stations that I was paying $4.20/gallon at a few months ago now I'm paying $1.80. I know the financial crisis and a pending global recession are a big cause but who would have thought this summer that gas would be below $2 and a barrel of oil below $50 by the end of the year.