No, you didn't misread the headline. Energy analyst Peter Beutel thinks the price of a barrel of oil would be just $10 if it weren't an investment instrument because we've got more of it than ever. [CNBC]
With Memorial Day in the past, some were hoping gas prices would drop. They haven't. What's going on?
According to a report from the U.S. Federal Highway Administration, Americans drove 3.7% less in May 2008 than in May 2007. It may not sound like much, but that equates to 9.6 billion fewer miles driven during a month particularly significant as a big vacation travel time. The report notes the decline is primarily due…