West Texas Intermediate (WTI) is currently at $40.45 a barrel – the lowest it has been since Barack Obama took office…which is when it started climbing, and stayed higher throughout his first 6 1/2 years in office, which is a little something the Obama people conveniently forget to mention.
RBOB (Reformulated Blendstock for Oxygenate Blending) gasoline futures are currently at $1.54 a gallon, down about 11 – 12% in just the last week.
And gas at the pump has finally dropped….somewhat. Not nearly as much as I would think it should have.
Let\’s see where it goes this week.
