Wednesday, January 23, 2008

Crude Oil Prices Inching Back Up Again

Crude oil prices inched up Friday after three days of losses as investors struggled with concerns about the economy but held on to hopes that President Bush's stimulus plan will work. Investors were keeping a close eye on the stock market, which also bounced between gains and losses. They wonder whether Bush's plan, which includes $145 billion worth of proposed tax relief, is enough to stave off a severe economic downturn. When we came home tonight, we noticed the gas in our little town had dropped 15 cents a gallon. That was a shock! With crude oil prices going back up though, I bet we will see it rise again. It seems they raise it before it ever really reached our area. We feel like they just raise the gas prices according to the news.

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