Oil price plunge

Oil prices are $10 off record high and keep falling. The dollar got stronger and also demand for petroleum products is down. This is added to worries of am economic slowdown decreasing the demand even further. Speculators are hitting the exit button. In fact, many believe that the oil bubble has burst.

This said, the price of oil will resume its uphill climb soon. Get ready for $5/gal gas in the near future.