While I’m keeping everyone abreast of other news, I thought I’d fill you in on what oil and gasoline futures are doing. As of yesterday, in a trend that’s continuing during today’s trading, oil and gasoline futures have been trending downward since the end of January. Yesterday’s NYMEX closing prices of oil ($63.09/barrel) and gasoline ($1.594/gallon) were the lowest so far this year.
I didn’t even think to check to see if Cordato’s gasoline price predictor held this time, but if it works the other way ’round, then once we start hearing stories in the local media about how gasoline prices have dropped, they will begin rising once more.
