Report: Oil could drop to $25
Merril Lynch & Co. recently released a report that predicts oil may fall below $25 a barrel.
Crude oil prices, which are currently at $43.59 a barrell following a 6.8% drop today, are now at their lowest levels since January 2005, well before concerns of increasing fuel prices became more pronnounced.
Gas prices are also dropping right along with crude oil, and hit a four year low today, when they dropped below $1.80 country-wide, which is down 62 cents from last month.