The pessimism on the efficiency of the $789 billion stimulus package in short term led to a fall in oil prices the lowest in years.

Sweet crude for March delivery, which has been progressively lowering this week, drop 4 percent, to $34.48 a barrel, according to New York Mercantile Exchange index.

However, cut on gas production led its retail prices to rise to the highest of 2009 before it get back to $2 a gallon.

A survey by MvGraw-Hill Cos.'s branch of Energy Information on crude inventories for the week was overwhelmingly surprised when the expected boost of 3.4 million barrels were surpassed by extraordinary increasing of 363.1 million barrels.

According to Addison Armstrong of US Tradition Energy, until the stimulus package start to make effect in the real economy, which can take months, the market need to deal with Oil overflow.