We’re used to hearing about oil shortages – a finite supply. After all that’s why we pay so much money for the stuff.
I’m wondering now that the price of oil per barrel is down under $80, we only see a few cents lower at the pumps. I’d like to know when the price of gas was down to $2 something a gallon, what was the price per barrel then?? And why don’t we see a lower price at the pumps now?? – Susan, Graniteville
Some people are already receiving offers to lock in their heating oil price for the winter, and prices are a lot higher than last year.
Oil prices may have taken their biggest one-day tumble since April, 2009 but that won’t translate into lower gas prices at the pump, at least not immediately.
With gas near or even ‘past’ $4 per gallon, a lot of people are letting their tanks run dry, which can damage their cars in the process.
Rising oil prices are raising concerns about the future of the economic recovery.
Oil prices are up 30 percent this year, but not natural gas.
WBZ News Radio’s Financial Editor Dave Caruso reports on the Stock Market riding on the price of oil and Subway passes McDonald’s in number of stores.
WBZ News Radio’s Financial Editor Dave Caruso reports despite rising oil prices, the markets seem to be holding their own.
Economist Jeff Miron visits NightSide to talk about how the economy works.