Scratching My Head Over Oil

The news is that global demand for oil is dropping-- in fact, to a 6 year low. That would seem to bode well for prices at the pump. Not so fast! Supply has its limitations, such that the direction of oil prices could go either way. While some are predicting $5 a gallon gasoline, this latest report indicates some tempering of prices may occur. Don't expect it to happen in time for your summer vacation, though. Indexes were mixed, with NASDAQ dropping about 1/2% today. DJIA +9.44 NASDAQ -10.52 S&P 500 -3.32