Crude oil price down

@dozhou (326)
United States
November 20, 2008 1:58pm CST
The crude oil price fell as low as $49.75 per Barrel. It is good news to each family, but it is also a bad news to the public. The price of crude oil represents the confidence to the economy. What is your opinion about it?
1 response
• United States
20 Nov 08
Gas is down just below $2.00 a gallon where I live and that is VERY GOOD news to the public that has to use gas in their cars. It's also good news for my local bee keeper who earns his livelihood by selling honey to local stores. When the gas prices went up, his profit margin went way down. Now that prices are reasonable again, he can get his product to me, a consumer, without having to worry about going out of business and I can in turn buy the product because I am not having to decide between food and gas. Happy MyLotting!
@dozhou (326)
• United States
20 Nov 08
If the price now is reasonable, the future price that will be down to $1.2 will be too low.