Oil prices are... well you know
Guess what is up... again... from the Indianapolis Star:
I love how they always throw in that last part, that somehow knowing that the prices are not at "all time record" highs should help. I myself would love a hybrid car, not to be all environmental but to not be such a slave to oil. Cars that get 60 miles to the gallon sound great with prices like this.
Oil prices soared to a record above $75 a barrel Wednesday, propelled by geopolitical tensions and a rally in gasoline that analysts said could send average U.S. pump prices past $3 a gallon by the weekend.
...
Light sweet crude for August delivery briefly surged to $75.40 a barrel on the New York Mercantile Exchange before easing back to $75.20, an increase of $1.27. Gasoline futures jumped by more than 6 cents to $2.284 a gallon. The last time front-month oil futures settled above $75 was April 21. The previous intraday high, also set April 21, was $75.35.
Oil prices are roughly 26 percent higher than they were a year ago but still below all-time inflation-adjusted highs of around $90.
I love how they always throw in that last part, that somehow knowing that the prices are not at "all time record" highs should help. I myself would love a hybrid car, not to be all environmental but to not be such a slave to oil. Cars that get 60 miles to the gallon sound great with prices like this.
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