Two years ago gasoline beat out milk for the race to $4.00 a gallon. Gas now sells for $2.80 a gallon (milk is still over $4), and the point-to-point decline only tells part of the volatility, and very little of its future. However, pending the impact of several issues, such as a stabilizing Euro on the dollar (which oil is still priced in) or the Gulf oil situation (not to mention the impending storm), a few stats on the rapidly approaching $80 barrel will have to do.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
So Obama is in bed with big milk ?
3:47, thanks for the good laugh at the end of a long day.
Actually, most politicians are in bed with Big Milk. The government artificially props up the price of milk as a way of giving corporate welfare to dairy farmers. It's a huge racket and another example of how farmers bleed the taxpayers dry.
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