Friday Oil Price Settles at Just Around $40 – Return to $1 gas?

No Comments » December 6th, 2008 posted by // Categories: Favorite Articles



Oil prices hit four-year lows Friday as employers cut the highest number of jobs in 34 years. The continuing decline in prices is so dramatic and so sudden that it is raising the prospect that gas prices could soon fall below $1 a gallon…..On Friday, light, sweet crude for January delivery settled at $40.81 a barrel on the New York Mercantile Exchange, down by nearly $3 per barrel. Prices fell as low at $40.50, levels last seen in December 2004.

Read More:http://www.msnbc.msn.com/id/12400801/

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