Down in the 80's today.

What's the magic number?

Around 60 bucks a barrel is good for everyonethe oil companies and related workers and the consumer.

I'm sure gas will drop 50 cents tomorrow..........

But no. Goes up from $3.19 to $3.49 in Lewisville. And as usualall stations except Sams in lockstep.

retailers love it when the media tells everyone that prices are going up

its the Rocket Syndrome

prices go up like a rocket & down like a feather

$2.94 in Bentonville AR this morning.

And a few pumps turned off here...$3.19 HEB San Angelo

Gas prices don't affect me all that much since I don't drive that much what does is logging in and seeing my 401k losing $40k+ overnight.

There was no American disruption. All marketsboth financial and commoditiesare now controlled by speculationby sentiment. Market fundamentals such as earnings and real supplynot speculation and fear mongering about supplytake a back seat to sentimentto "feelings". "Oh my goshthere's bombing in the Middle East! Never mind that we get almost none of our oil through the Strait of Hormuz and that we just opened up Venezuela! This means prices should go up because they always go up!"

Everyone with a phone and a computermeaning everyone in every marketis constantly looking at holdings and micromanaging. Everyone is a stock analyst and savvy day traderand energy experts in their own minds abound. Unfortunatelywe are all affected by their mood swings and hunches.

US Navy just escorted a tanker through the straits - oil dropped close to $20 on the news.