Did oil prices "plummet" today?

Question

http://news.yahoo.com/s/ap/20080715/ap_on_bi_ge/oil_prices

Anyone else think this headline is misleading?

Answer 1

yes

Answer 2

It's beacause the price of oil dropped 5 bucks, not much but a lot better than higher prices than what they are now.

Answer 3

Not in my area, they're the same as yesterday. - If it was referring to gas prices. My bad for misreading.

Anyway, yeah - it's misleading. $7 isn't a plummet.

Answer 4

im sure the prices dropped and some greedy guy down the ladder didnt share the discount so we are still getting the bad end of the deal!

Answer 5

Plummet: to lose 50% of value or more.  This is from my personal dictionary.

Answer 6

i heard it went down like 10 bucks

Answer 7

i heard like $7