Fuelishness! -- The FuelClinic.com Blog

“$4-a-gallon gasoline has clearly killed demand”

August 5, 2008 · · Filed Under Eco-Driving, Fuels, Oil Industry, Oil Refining 

A day after plunging as much as $5 a barrel in a dramatic sell-off, crude continued its downward trend Tuesday as traders sold oil contracts on the belief that prices are still too high in relation to demand and have further room to fall.

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