Holy smokes! Bernanke “forces” wholesale prices to DIVE!

Fresh from his appearance in the Senate chambers talking about the economy, it seems Fed Chairman Ben Bernanke has instilled fear in traders about a possible slowdown in the economy.

At this writing, gasoline is down 22.77 cents to $3.33, and NYMEX crude oil is trading down $8.65 to $136.53! Could this be the mini-correction that we’ve been waiting for?

If the market locks in this big loss, I’ve come to expect a big gain on the market for tomorrow, but we’ll see. If it does indeed stick, look for pump prices to slowly slide.

Patrick

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