The cheapest I saw yesterday was $1.59 here. I bet the truckers are loving these prices with diesel dropping too. I haven't checked airline prices but I don't think they have cut back their prices? They have to be saving millions in fuel costs now.
Sharon told me she saw $1.33 on her way home last night.
On CNBC yesterday oil hit below $30 a barrel compared to June 2008 of a little over $136.00 a barrel. Chesapeake Energy is one of the biggest hitters here in Ohio with the fracking operations and it is in deep trouble. I wonder if all of the people who sold them their land will be in for a nasty surprise?
OPEC is trying to bankrupt all of the American oil producers so that they can recapture the stranglehold on the oil industry. CNBC reported that 30% of the American and Canadian oil companies would be gone by the end of 2016. Enjoy it at the pump while you can because this is just a temporary thing.