The price of gasoline at the pump has come down a bit. Since we all know it follows the price of crude oil, more or less, it’s a good bet the average man or woman on the street would venture that the price of oil is a bit off its peak as well. Most folks too have probably heard that natural gas has become plentiful and cheap.
It’s doubtful though, many have a clue about how much prices have changed or how much out of line they seemed to be a couple of months ago. The U.S. Energy Dept. Energy Information Administration just released this graph that shows the picture for 2010 and the first quarter of 2011 pretty clearly. Looks like a situation for somebody to make (or lose) a lot of money. These price relationships can’t be long-lasting.