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By Jeremy Schiffres, Daily and Sunday Freeman, Kingston, N.Y.

Tuesday, June 3, 2008

What goes up doesn't always come down

The price of crude oil fell to $124.31 a barrel on Tuesday, down $10.78 from its all-time high of $135.09, set last week.

$10.78 off $135.09 -- that's a drop of about 8 percent.

Is it fair to expect, then, that we'll see the price of gasoline drop by 8 percent in the coming days -- from the current local average of about $4.10 per gallon to $3.77?

I'm not holding my breath.



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