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The reason that gas is not plunging as fast as oil is because the cost to refine has risen. Even if when back to 15 dollars a barrel (what it was when gas was under 1 dollar) gas would not fall under 1 dollar.

Also, I called this back in June... when oil was closing in on 150 and gas was 4.30 a gallon. It was a bubble that was popped by the economic crisis.



End of 2009 Predictions (Set, January 1st 2009)

Wii- 72 million   3rd Year Peak, better slate of releases

360- 37 million   Should trend down slightly after 3rd year peak

PS3- 29 million  Sales should pick up next year, 3rd year peak and price cut