The Price of Gasoline: Good News and Bad

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Next week, OPEC will be meeting about the price of oil: down from $147 a barrel last July to $44 today. Meantime, the price of gasoline in the US just might go to a dollar a gallon. That's good news for consumers, but trouble for global warming and international stability. Also, the White House and Congressional Democrats make a deal on the auto bailout, Illinois Governor Rod Blagojevich was scheduled back at work today, but Barack Obama wants a special election to fill his Senate seat.


Banner image: Drivers fill up at a Fastop gas station in Pasadena, California. Photo: David McNew/Getty Images




Warren Olney