(no subject)
Oil jumped up 11 dollars a barrel, which now puts it at around $138.54. They're hypothesizing it might even jump to $150 a barrel by July 4th.
I want to JUMP back in time by about 4 or 5 years, when I didn't have to worry about money, work or any of the bullshit that goes along with "becoming an adult".
The dollar began its slide Thursday after European Central Bank president Jean-Claude Trichet said the bank might raise interest rates, which would strengthening the value of the euro. If the euro gains, oil becomes cheaper, European investors buy more oil, raising the price of oil in U.S. dollars, according to Phil Flynn, senior market analyst at Alaron Trading.
Gas prices have risen to record levels in the past year on the back of record oil prices. The price of crude has more than doubled in the past year.
The AAA survey shows gas prices are up more than 10% from a month ago and more than 27% higher from year-ago levels.
The average price for gas has passed the $4 a gallon mark in 12 states, as well as in Washington, D.C. Those states where gas has already passed the $4 include Alaska, California, Connecticut, Hawaii, Illinois, Michigan, Nevada, New York, Oregon, Rhode Island, Washington, and West Virginia.
For the full report click here.
I want to JUMP back in time by about 4 or 5 years, when I didn't have to worry about money, work or any of the bullshit that goes along with "becoming an adult".
The dollar began its slide Thursday after European Central Bank president Jean-Claude Trichet said the bank might raise interest rates, which would strengthening the value of the euro. If the euro gains, oil becomes cheaper, European investors buy more oil, raising the price of oil in U.S. dollars, according to Phil Flynn, senior market analyst at Alaron Trading.
Gas prices have risen to record levels in the past year on the back of record oil prices. The price of crude has more than doubled in the past year.
The AAA survey shows gas prices are up more than 10% from a month ago and more than 27% higher from year-ago levels.
The average price for gas has passed the $4 a gallon mark in 12 states, as well as in Washington, D.C. Those states where gas has already passed the $4 include Alaska, California, Connecticut, Hawaii, Illinois, Michigan, Nevada, New York, Oregon, Rhode Island, Washington, and West Virginia.
For the full report click here.