Gulf Oil CEO says gas could hit $1 next year

Gulf Oil CEO Joe Petrowski said on Wednesday that the price of oil could sink to $20 per barrel, and there is a chance gasoline prices could drop as low as $1 per gallon by early next year.

link: (http://www.patriotledger.com/business/x188...)
submitted by: tastybit Dec 5, 2008
category: News keywords: oil, gas, fuel, price, gulf


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Wow, you know their is manipulation when prices can fall over 80%.

posted by: headphoneguy Dec 5, 2008

Well that's good, but its to little to late to help millions that are struggling to stay in there homes and people aren't going out to spend hundreds on electronics and other luxury goods be cause we save $20's or so a week at the pumps. This ain't going to kick start the economy....

posted by: voodoo02 Dec 5, 2008

I don't have any money for gas or gifts. :(

posted by: FatKid Dec 5, 2008

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