$2.93 gas this morning

When I did my Countdown to $100 Oil?!? series over the last few months, a few people (not here) offered that we would never see sub-$3 gasoline again.

This morning on the way to work I counted 6 gas stations selling gas under $3, two of them at $2.93.

The Year over Year change in the price of a barrel of Oil is on the verge of going negative. The commodity bubble is popping big time.

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$2.93 gas this morning

I have been wondering when we would dip back below $3, since the last time oil was around 95/bbl we were in the mid $2.90s

rockets and feathers......

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other commodities/metals

What I just do not understand is why Gold would drop and other metals. I can understand oil and so on due to a global recession and thus the demand will be way down...

Gold is way up today and that's more what I expect...
people to pour into safe haven but just yesterday the dollar was way up and gold was going down...

The claim being the same as oil, less demand...

I would expect people are panicking, looking for save haven at this point.

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