11/17/2005

Markets work. (aka: Steve Forbes may be right)

I mentioned this a few months ago. Forbes predicted an oil price drop way back in August. Looks like it's happening. Only question is whether it will keep going.

And for the record, gas prices are back to within 20 cents of where they were a year ago, despite an increase of almost 100% from November to September. Here's the DOE stats for Ohio.

Hat tip to David at Constitutional Brothers
Coldheartedtruth asks Are those hearings helping gas prices ??
Brian at FutureWire sees a different forecast
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