A year ago, it seemed that everyone thought oil prices would continue to rise. I heard predictions for $200 and even $300 a barrel. Who would have guessed one year ago that oil would be down to $55? That would be me.

From my 2008 Predictions post on MarketTicker on 12/27/2007:

OIL = $55 President Mitt

Although I was wrong about Romney winning the 2008 election, I accurately predicted that oil would reach $55 by the end of 2008. This calls for a celebration dance.

I promise not to bring out the dancing banana until the S&P 500 hits 600 or Paulson is lynched. Whichever comes first.

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Comments

Jenn,

November 13 at 2008 at 11:34 PM

gas here in NM is UNDER $2 / gallon at a couple of stations. cRAzY

and since I only drive about 15 miles per week, it doesn’t much matter to me anyway.

now if the price shoes goes up significantly I may be affected…

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aviva

November 14 at 2008 at 12:09 AM

wanna hear something jacked up? we’re paying $4.06 for gas since forever ago. because that’s what they bought the gas at here and now we’re still paying. effing ridiculous.

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MAS

November 14 at 2008 at 12:14 AM

I see how tiny that island looks on a map. Are you sure you need a car? Couldn’t you long jump it? :)

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