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Tribune News Service
Tribune News Service
Business
Ron Hurtibise

$10-a-barrel oil price plunge should bring relief at gas pump

Oil AAA Mark Jenkins Economy

What’s bad for the economy is sometimes good for motorists.

High-profile bank failures sent stock market and crude oil prices plunging last week amid renewed concerns that a global recession could be taking shape.

U.S. crude oil prices dropped about 13% over the past week, from $74.43 a barrel on March 14 to $64.54 in early morning trading on Monday. By mid-afternoon Monday, the price was hovering around $66.15.

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