So the question on many peoples mind today is how much lower will gas prices go. Personally I never thought gas would get below $3.00 a gallon again. Just the other day I saw gas for $1.88 per gallon. It is crazy. So the question was posed to me the other day “is it time to buy oil?” The answer is no. Since I was asked that question oil prices have fallen another 10% or more.
-When will the fall end?
-When should I buy?
-Will Oil ever get back above $100 per barrel?
The answer to these questions no one knows. What we do know is that oil prices are in a downtrend and getting long now is to early.