Old Project Avalon Forum (ARCHIVE) - View Single Post - Analyst sees oil dropping to $50 on global economic slowdown

Wandering Daoist · 10-08-2008, 05:46 AM

Gas expected to dip below $3 a gallon
Tuesday, October 7, 2008 10:31 PM
By DAN GEARINO/THE COLUMBUS DISPATCH

Gasoline prices are dropping across Ohio and analysts say the downward trend will continue past $3 per gallon, a level that drivers haven't seen since February.

"We're going to get below $3, maybe $2.80 or $2.90," said Jim Ritterbusch, president of energy consultants Ritterbusch and Associates.

The average price today in Columbus was $3.21 a gallon for regular unleaded, according to Gaspricewatch.com, though some stations are already selling gas near the $3 mark.

10-08-2008, 05:46 AM	#3
Wandering Daoist Avalon Senior Member Join Date: Sep 2008 Location: USA Posts: 20	Re: Analyst sees oil dropping to $50 on global economic slowdown Gas expected to dip below $3 a gallon Tuesday, October 7, 2008 10:31 PM By DAN GEARINO/THE COLUMBUS DISPATCH Gasoline prices are dropping across Ohio and analysts say the downward trend will continue past $3 per gallon, a level that drivers haven't seen since February. "We're going to get below $3, maybe $2.80 or $2.90," said Jim Ritterbusch, president of energy consultants Ritterbusch and Associates. The average price today in Columbus was $3.21 a gallon for regular unleaded, according to Gaspricewatch.com, though some stations are already selling gas near the $3 mark.