Oil hits $40

Pump prices are gown down as demand for oil drops faster than production. Yes, what we pay at the pump will be less and that will help the economy because people will have more money. With heating oil and gasoline less expensive there is more money for other things.

I predict however that we will see rising unemployment in 2009 as the current conditions deteriorate in our economic crisis. Expect Obama to announce a stimulus package in January 2009.