Crude Oil prices have continued to drop as the price has fallen from $140 a barrel to just over $120 a barrel on the futures market.

Much of the price of Crude has been tied to speculators but as Americans continue to scale back their driving habits the abundance of surplus is having a small effect on market prices.

Will this be a trend that will continue?
Maybe but looking at the recent past we will need a further decline of 50% from the current prices to even approach the cost of gas at the pump we paid just 6 years ago.

Ramp-up and change overs in refining will start to hit the market prior to labor day as suppliers ready for winter fuel oil needs and winter gasoline mixes.

With between $60 and $90 to go even to restore previous gasoline prices even if prices drop below $100 we will still see oil market futures effecting the economy.