Pump Prices Plummet, Tesla Breaks Down, and Hot Dogs, Sofas & Yoga Pants 12/7/22

There’s been a spectacular collapse in oil prices this year, as crude hovers just over $72 per barrel after a 10% drop in the past week. Gas prices are also plunging, heading below $3 per gallon across the country. And yet the Energy sector is still up 50% this year. Is it time to bail? We’ll debate. Plus, the plunge in fuel prices has been another headwind for shares of Tesla, which is down more than 50% this year. Do the charts suggest it’s about to take off again? We’ll check.And, there’s some key earnings on tap, with Costco, RH & Lululemon all out with results after the bell. We’ll give you the action, the story and the trade on each in Earnings Exchange.