Don’t look now, but oil has dropped below $68 a barrel — it’s lowest price since May. I predict it continues to plummet as all the traders who rushed into the oil commodity market now rush out.
I have a bet with a co-worker that gasoline will dip below $2 by October 1. In Atlanta, the cheapest price $2.32. I figure if it gets close, some nutjob gas station owner will drop it to $1.99 just for the publicity.