Oil Prices, for the hundredth time.

Nearly daily, I hear someone talking about how they heard that by such-and-such time that gas will be $5 a gallon, or $10 a gallon, or whatever. I am so sick of hearing it. I personally like to take the wait and see approach, and try to look on the bright side. The bright side is, here recently, the price of oil has been dropping. Market dynamics have changed since it becomes increasingly clear that perhaps the economy is not as robust as we thought, Credit problems continue to become worse, and the housing sector is caught in a bad downward spiral. On top of this, of my last reading, the dollar continues its climb in value, which also causes oil prices to drop. I also think that with all of the inflationary concerns, that the Federal Reserve will at some point, hopefully in the near future, will raise interest rates, which will make the dollar's climb in value accelerate, among other side effects, that will continue to bring down the prices of commodities that are traded in US Dollars. Plus, you have to look at the past and see that the Oil market is prone to boom and bust just as any other market. Check out the article link below.

Click here for Article.