Check gasoline prices in your neighborhood.
Price per barrel of oil dropped below $50 for the first time in God knows when. News story here.
Don't fill your tank up just yet.
Jim Ritterbusch, president of Ritterbusch & Associates, said prices could continue to fall toward $47 in the next two weeks, unless the Organization of the Petroleum Exporting Countries calls for a meeting. "The market is still seeking a bottom," he said, "and we had another bearish element tossed at it in the form of these negative weekly statistics."
Democrats were upset with the good news, but promise higher taxes on oil companies to drive prices up again and blame Bush!
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