Crude is about to test the $50 level. I still think it should go much lower. The glut is still increasing. I think crude should mirror what happened to natural gas. New wells are slowing down but our producers are still finding ways to decrease costs.
Crude is down by $.97 to $50.72/barrel or $1.2076/gallon. Gasoline decreased by 0.66 cents to $2.1024/gallon at the average rack in Selma. Diesel fuel is down 2.65 cents to $2.5196/gallon. Prices are:
Have a great day,