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Metro Jacksonville

Community => Transportation, Mass Transit & Infrastructure => Topic started by: Lunican on January 02, 2008, 09:59:39 PM

Title: Oil price at record $100 a barrel
Post by: Lunican on January 02, 2008, 09:59:39 PM
QuoteOil price at record $100 a barrel

Oil has traded at $100 a barrel for the first time.

Violence in Nigeria, Algeria and Pakistan, the weak US dollar and the threat of cold weather have all raised prices after the new year break.

Light sweet crude rose $4.02 to $100 a barrel in New York, prompting a drop in shares and a surge in gold prices.

There are concerns that the high price of oil will stoke inflation at a time when many central banks are trying to cut interest rates to stimulate growth.

Full Article:
http://news.bbc.co.uk/2/hi/business/7168664.stm
Title: Re: Oil price at record $100 a barrel
Post by: gatorback on January 03, 2008, 09:28:34 PM
Have you seen a line at the pump?  I guess that's the good news hear huh?

As my dad always says:  "Good.  There's more for me."

(http://www.fuelgaugereport.com/images/Nat_grph.jpg)



                      Regular     Mid     Premium     Diesel     E85     **E85 MPG/BTU adjusted price

Current Avg.     $3.052    $3.242    $3.359    $3.425    $2.508    $3.301

Yesterday Avg.  $3.049    $3.237    $3.355    $3.426    $2.522    $3.319

Month Ago Avg.  $3.052    $3.241    $3.358    $3.474    $2.460    $3.238

Year Ago Avg.  $2.322    $2.465    $2.554    $2.673    NA    NA
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