Oil Futures Close Below $70 A Barrel, Prices At The Pump Matching Historical Record

The futures price of a barrel of crude oil closed today at $69.85, down $4.69 a barrel since trading ended yesterday. This is the first time oil closed below $70 a barrel since June 2007, which forced us to ask the question: 'How much did a gallon of regular cost in June 2007?' Well, after a quick hunt we found the… » 10/16/08 6:20pm 10/16/08 6:20pm

Best Thing About The Financiapocalypse? Cheap Gas!

As MSNBC » 10/13/08 1:40pm 10/13/08 1:40pm reports, are creeping upward on reports of positive economic news around the globe, but not before they hit their lowest price in over a year on Friday: $77.70 a barrel. Turns out the global recession is lowering demand for oil, forcing prices into an overall downward trend, a cycle at least one analyst…