If people keep cutting back on what they're spending, like we all are, the economy will tip into a depression. I don't care what the current administration says, we're in a recession and have been for some time. It's just worse now with the major banks failing.
Gas prices will continue to fall as well if people keep witholding cash from the marketplace for traveling, goods, and services. As I see it the world economy is teetering. Even if oil production is cut I still see the drop in overall spending continuing to have an downward effect on oil prices. You can only artificially keep prices higher when the demand continues to be maintained.
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2001 Cobalt 206, 280hp V/P DP
2003 Toyota 4-Runner Ltd