Traders welcomed the first full work week of 2015 in with a bang- oil prices are seeing sizable losses as the national average for a gallon of gasoline dips to $2.183/gallon, according to GasBuddy data.
The drop in oil prices was very important this morning- if oil prices fail to smash through the $50/bbl mark, it could represent price support above $50/bbl, but if it does decline past $50/bbl, it may open another round of decreases that could bring oil to $45/bbl or lower.
The impact on Americans wallets is profound: every tank is saving $15-$25 versus pump prices last year, and the typical rise in prices towards the new year was notably absent this year.
Read more at https://blog.gasbuddy.com/#i8rJJc0pCs4Vsjxc.99
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