How $100 Oil Directly Affects You

CNN/Money:

The rising price of oil is starting to bite - at the pump, the airline ticket counter and possibly in your home.

Oil hit $100 a barrel Wednesday and gasoline prices could soon top their all-time record from last May of $3.22 a gallon.

"There's no doubt, gasoline prices are rocketing higher," said Stephen Schork, publisher of the industry newsletter the Schork Report. "We could be paying more for gas than we were during the start of the summer driving season."

Gas prices now average $3.05 a gallon nationwide, according to AAA. Many states have had gas over $3 for some time.

Read the whole story: CNN/Money

Comments

[lovesanimals]

People take a deep breath and look around. The Dark Assholes amongst us are fast becoming eliminated. Henry Paulson is dead. Nesara will take effect soon and then all the crooks and thieves will be on their knees.. Americans will start seeing a change for good as 2008 progresses!

[ceasenake]

Get rid of the gas guzzler and buy a econo car - then start car pooling!

[WilliePilgrim]

The jokes on the sellers cuz we're payin' 'em in deflated dollars...­ha ha!...ouch­!

[loki]

Im totally shocked that HUFPO hasnt followed up on how the $100 a barrel oil this week was a scam by a floor trader. According the Reuters, and about 200 news media outlets, some guy bought the minimum oil trade or 1000 barrel lot at a $100 did, and turned around and sold it at a loss just for the fun of it.

http://uk.reuters.com/article/oilRpt/idUKN02588320080102

Im sure Hufpo will either totally ignore this, like they did Fox selling some its stations to one of the largest Bush, and Iraqi war supporters, Robert Bass, Or, they will suddenly discover this and post it sometime next week.

[realitytrumpsbull]

Futures trading might lose some of its' appeal after all of this is over with...as might Wall St. in general...­locally produced resources
will become more popular...­like domestically
drilled oil, that kind of thing. Ethanol can
happen, not rocket science...­maybe some ag
science...

[Hoelder]

Has anyone connected falling Dollar with rising oil? Oil is still traded in Dollars. Besides the blablabla from politicians who talk this up to "oh it is good for our exports", I do not export anything but I did not get a raise that adjusts my earnings to the value of the currency. Maybe I should consider being paid in Euros?

[ErnestineBass]

Cripes on a cracker! What happened? Did one of those MORONS in DC finally fill up his OWN car and drive to the grocery store for a gallon of milk?

@$%$@&%!!!

[mrcontinental]

They managed to keep the wolves at bay long enough to get the rubes to run up even more credit card debt for X-mas but now that the holidays are over the bloodbath will begin in earnest. Release the hounds!