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FuelMeUp.com: Oil Prices Plummet

2008-07-15
Oil prices fell over 4.4% today (7-14) to settle at $138.74 per barrel. This is the sharpest single day price drop of a barrel of oil in 17 years. "There was this big ... selling pressure when prices dipped below $140 a barrel. It got a lot of bulls very nervous," said Tom Kloza, chief oil analyst at the Oil Price Information Service. "If it was a fire, you'd call it an accelerant." This is good news for a change! 


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