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Lowering the benchmark price of money will make other assets more attractive.
Even if it does not, few expect the benchmark price to fall to its levels of 2003, let alone 1999.
THE NEWS The benchmark price of crude oil climbed above $100 a barrel for the first time in two years.
The Caldwells' oil is "heavy," less valuable than the West Texas light crude oil that sets the domestic benchmark price.
American Express tracks another benchmark price, the average fare paid, which reflects the actual air fares paid by corporate clients.
And yet, in the worst ever economic downturn, the annual benchmark price is the second-highest it's ever been".
The benchmark price of crude touched $98.10 on Nymex on Wednesday, a new record, before retreating to $96.37.
By comparison, the benchmark price for natural gas in the United States at the Henry Hub in Louisiana last month averaged $153.30 for the same volume.
Brent crude oil prices, the European benchmark price for oil, initially dropped more than 3 percent, but at the close fell 26 cents, or 0.2 percent, to $108.36.
The European benchmark price for oil fell moderately on Monday on speculation that Libyan oil production would quickly begin rising again.
But even as the Brent crude benchmark price leapt to $116 a barrel this August, American consumers felt little at the pump.
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