Tuesday, January 6, 2009 Last Update: 12:04 p.m.
Mostly Cloudy: Currently 21° F
Dow: 8952.89 -81.8
News submitted by Bloomberg

$40 Oil, 90 Cents for Gasoline...bring on the SUV's

PETROLEUM ($/bbl)

PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 40.81 -2.86 -6.55
Dated Brent Spot 39.19 -2.19 -5.29
WTI Cushing Spot 40.81 -2.86 -6.55

PETROLEUM (¢/gal)

PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil Future 142.65 -8.26 -5.47
Nymex RBOB Gasoline Future 90.12 -6.83 -7.04

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Warm up the SUV's, Oil Breaks Below $50

At yesterday’s close in West Texas:

Nymex Crude Future 49.13 -.15 -.30%

Dated Brent Spot 47.42 .73 1.57%

WTI Cushing Spot 49.28 -5.15 -9.46%

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Gasoline $1.26 a Gallon; Oil $56 a Barrel

PETROLEUM ($/bbl)

Nymex Crude Future 56.78
Dated Brent Spot 52.20
WTI Cushing Spot 56.16

PETROLEUM (¢/gal)
Nymex Heating Oil Future 184.30
Nymex RBOB Gasoline Future 125.66

Obviously President-Elect Obama has resolved our energy crisis.

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Studs Terkel Dies at Age 96

Studs Terkel, the Pulitzer Prize- winning author and enduring radio-show host whose oral histories chronicled the travails and triumphs of America’s working class, has died. He was 96.

Terkel died today at his home in Chicago, his son, Dan Terkel, said in an interview. “He just went very quickly and was in no pain at all,’’ Dan Terkel said. “He lived a very long, full, satisfying though sometimes impetuous life.’’

Born in New York, Terkel became synonymous with Chicago, the city where he moved at age 10 and rarely left. His parents ran a boarding house and a men’s hotel during the Great Depression, giving the young Terkel a steady diet of the struggles of ordinary people whose stories became his life’s work.

“People’s everyday experience can be as profound and as compelling as any celebrity,’’ said Russell Lewis, chief historian of the Chicago Historical Society, which houses many of ... Read More...

Gasoline $1.60; Oil Moving to $60/Barrel

Nymex Crude Future 68.28 -3.90 10:08
Dated Brent Spot 63.86 -3.15 10:38
WTI Cushing Spot 68.15 -2.74 09:11

PETROLEUM (¢/gal)

Nymex Heating Oil Future 210.50 -7.21 10:08
Nymex RBOB Gasoline Future 159.48 -9.71 10:07

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$70 Oil, $1.65 Gasoline

Crude Oil ($/Barrel)

Nymex Crude Future 70.02 -4.52 -6.06 14:24
Dated Brent Spot 66.18 -3.40 -4.89 14:53
WTI Cushing Spot 70.38 -4.16 -5.58 14:20

PETROLEUM (¢/gal)

Nymex Heating Oil Future 210.28 -8.77 -4.00 14:23
Nymex RBOB Gasoline Future 165.00 -13.22 -7.42 14:23

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Energy Prices Dropping: $1.82 Gasoline, $78 Oil

At 7AM

Nymex Crude Future 76.63 -2.00 -2.54 07:23
Dated Brent Spot 71.63 -3.17 -4.24 07:53
WTI Cushing Spot 78.63 -2.56 -3.15 10/14

PETROLEUM (¢/gal)
Nymex Heating Oil Future 223.72 -2.25 -1.00 07:22
Nymex RBOB Gasoline Future 182.90 -5.58 -2.96 07:19

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Roar! Dow Up 964 Points

Dow 9,400.91 +949.72 +11.24%

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Wholesale Gasoline $1.88/ Gallon

At 7:51 AM EST

Nymex RBOB Gasoline Future 188.50

Link is to current pricing

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Oil Below $90/Barrel Again

Nymex Crude Future 93.93 -4.60
Dated Brent Spot 89.71 -5.16
WTI Cushing Spot 93.97 -4.56

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$100 Oil is Back

Nymex Crude Future 100.73 -1.85
Dated Brent Spot 95.33 -2.30
WTI Cushing Spot 100.60 -1.98

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Chicago Photos
Victorian House, Auburn Park