Pic of the Day
If you want to understand why gasoline prices have plummeted in recent weeks — and why gasoline futures today plunged to a new low — look no further than the photo above.
It’s a drilling rig in Weld County, Colorado, out on the high plains north of Denver. I spotted it when I was driving to the airport the other day to pick up my daughter. It was really big and lit up like a Christmas tree. So it was impossible to miss.
Both oil and gas production have surged in recen