I really can find no reason for the price of oil going back up. The glut is still there. The dollar is still rising (94.647) and there is every reason to expect it to continue. I look at our dollars as stock certificates in our country and our stock is going up. The economy is still picking up thanks in part to cheaper gasoline and diesel prices. Unemployment is down to 5.7% and salaries are starting to rise. I know I have given few raises these last lean years but I would like to. Crude is up today by $0.74/barrel to $51.69. Gasoline is up by 2.97 cents/gallon at the average rack in Selma. Diesel fuel is up by 3.48cents/gallon.
Have a great day,