Gasoline prices have been very odd as of late. A recent report in
The Houston Chronicle suggests there are as many price analysts in the oil industry who expect the price of a barrel of oil to go down to $50 as they expect it to hit $90.
Basically, nobody knows where prices are going!
Clark had expected retail prices at the pump to start in the $1.90 range in select markets by the end of the year. So far he's looking foolish with his prediction. Yet
GasPriceWatch.com reports the lowest price today is $2.09 in Spartanburg, S.C. (
Editor's note: Pricing accurate as of Sept. 18, 2009.) So maybe he's not so crazy yet.
The cost of a barrel of oil directly translates to around 70 percent of what you pay at the pump.
Meanwhile, in completely unrelated news, Clark wants to put out the warning about a fake letter and fraudulent check scam using the American Bankers Association's name.
Con artists are using the organization's legitimate name in
a nationwide scam trying to convince people that they've won a cash prize from the ABA. The letter comes with an official looking check, usually in the amount of $1,000-$5,000.
But you're also asked to call for further instructions about claiming the rest of your alleged winnings.
Know that this is not a real thing. If you deposit the check, it will bounce. Don't wire any money either!
You can even e-mail the ABA at
alert@aba.com to report any suspected instances of this scam.
