Oil prices sank nearly $4 Thursday after the Chinese government said it would lift subsidies on gasoline and diesel in a move that could curb demand from the country's rapidly growing economy.Well, there you see!
Light, sweet crude for July delivery was down $3.99 at $132.78 a barrel on the New York Mercantile Exchange in midday trading.
[ cf Oil tumbles as China lifts subsidies (emphasis added for comedic value) ]
The invisible foot of the market working it's marvels!!!
End Communist Domination of Red Socialist Dogma, and the prices are not longer artificially inflated.
Or that the overall demand drops to the market support level...
But that would mean that if americans were to demand less gasoline to waste in commuter parking lots, then the price would go down???
Thank GOD we have RoboBushCheney