It’s not bad that oil is cheaper than water despite the fact crude oil is key factor of American economy recovery. The retail trade lead by the decreasing oil price will make up the loss.
A reporter from First Financial Daily said that the price of #87 gasoline declined to $0.73/L and the 2-liter mineral water was sold for $1 in a Gas station of California.
The crude oil price tumbles 30% to the lowest in 4 years from this summer. Insiders said that there’s no the lowest but the lower price and the price will fall to $50 per barrel.
Thus, one-liter mineral water is worth two-liter gasoline. The trend of global crude oil market and geopolitics fluctuation have little to with ordinary people. But the cheaper oil will make them excited.
After 2 weeks, The Thanksgiving Day sales, which is the biggest battle in America retail trade, will come. Retailers places high hopes on those who has saved a lot due to a lower gasoline price.