U.S. retail gasoline demand for the week ending Dec. 26 dropped 3.8% from the same week a year ago, as drivers tightened their belts over Christmas, a MasterCard survey showed.
So gasoline demand is ONLY 3.8% below the same period last year!!
And yet the price of oil has dropped over 60%!!
Pffff go figure!!
Times are certainly going to change pretty fast in 2009.
Oil will be something worth watching IMO.
http://money.cnn.com/2008/12/31/markets/oil.reut/index.htm
oil price
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