Wednesday, October 05, 2011
Oil Prices Continue To Drop
It cost less for a barrel of oil yesterday than at any time in the past year. In fact, oil prices have dropped over 30% from its high earlier this year.
So why haven't the price of goods also seen a likewise decline? We have seen prices rise at retailers over the past couple of years under the guise of energy costs haven risen. Since energy prices are dropping, shouldn't the savings be passed along to the consumers?
So why haven't the price of goods also seen a likewise decline? We have seen prices rise at retailers over the past couple of years under the guise of energy costs haven risen. Since energy prices are dropping, shouldn't the savings be passed along to the consumers?