WD: Oil falls to $26 dollars as Asian Sell off continues
Traders say the sell off on Asian Stock Markets continued overnight, and in the words of one, "It's become savage". Most blame the sell off on the falling price of oil which many see as an indication the world economy is slumping. But other experts say it's all about supply and demand. They say the price is low because there is so much oil.
At the gas buddy website, prices on 48th street at 196 have hit a dollar forty nine in Holland, prices are down to a dollar 48 in Greenville, and commuters in Lansing are finding prices as low as a dollar 41. Most stations in the Grand Rapids Metro are still in the dollar 60's a gallon.
