The final push to a new low has begun. This could get a bit messier than most suspect. We're just about out of room for any excess domestic crude production and the refineries are ramping back up their production (strike is over it appears). With the dollar surging, the environment is set for a potential push below $40 crude and $1.50 gasoline futures. There is going to be some blood with this move, but it will be a great thing for most consumers.
Here in Indiana, we're down almost 50 cents from the February highs.
Indy
Here in Indiana, we're down almost 50 cents from the February highs.
Indy
