The Hard Times Cafe

Oil drops below $129 a barrel on demand concerns

Oil prices dropped below $129 a barrel Tuesday, falling sharply on a growing sense that soaring gas and oil prices have cut demand for fuel during the normally busy summer driving season. At the pump, meanwhile, retail gasoline prices rose, but only slightly, leading to renewed speculation that gas may follow the normal seasonal pattern of peaking around Memorial Day and then declining over the summer.

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http://money.aol.com/news/articles/_a/oil-drops-below-129-a-barrel-on-demand/n20080527151209990030