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I heard yesterday (Monday 2/25/13) that the cost of oil is starting to plumit downwards acording to the newsmedia.
They did seem a bit vague but said that everything that had caused the recent spike was gone and oil prices in general were going to plumit down pretty quick.
Anyone else hear this? any other info?
EIA's projection, as of February 12, 2013, for the average retail price of on-highway diesel fuel for February through December 2013 is $3.93 per gallon. The projection for the average retail price in 2014 is $3.82 per gallon.