The price of crude oil was down fro $181 to $109.24 a barrel at the Mercantile Exchange of New York. This is the lowest the price of oil could go since April 19th of last year.
It would be recalled that the prices of oil went up by as much as 32 percent a year ago. The crude oil stockpiling at Oklahoma has gained by as much as 102,000 to 40.5 million.
However, the cost of the gasoline has increase from the cost of 15 cents to $3.92 yesterday. This was the highest to be recorded since the tear 2008. The level of consumption of gasoline has dropped to a level 8.94 barrels last week.