Another day and another world record for the price of crude oil. Today's record high nears $124 a barrel "as traders weighed a rise in the dollar to a two-month high against news of a fall in U.S. diesel stockpiles." The price has "climbed by about $13 over the last week in a rally" blamed upon the declining dollar.
Meanwhile, the Iranian oil minister says crude prices can conceivably hit $200/bbl within six months, which would translate into about $7 a gallon at the pump. Ouch.
The escalating fuel prices are triggering higher costs in the transportation, food and energy sectors. Delta Airlines has announced a series of fuel "surcharges" including adding "$110 on its Los Angeles-Honolulu roundtrip flights."
i guess i'll have to start that home-based business that i've always said i'd start. i can barely afford to drive the distance to work as it is.
ReplyDeleteWell what the public needs to do is rally the legislature to invest more in public transportation....we got to face the fact that gas prices will never decline, so just like Europe already do...we should invest into public transportation, and more fuel efficient vehicles.
ReplyDeleteOBAMA 08
In Florida, we need to end this senseless urban sprawl!!!! To hell with Killearn Lakes, Southwood,and Golden Eagle. Hello.... downtown Tally, and midtown!!!
ReplyDeleteWe need to build more refineries.
ReplyDeleteWe need to drill for oil off the coast of Florida & Alaska ...OPEC and HUGO can kiss it.
We need more nuclear power.
4:48... yeah right... who wants to raise a family in downtown TLH? I mean.. if you had the choice.
ReplyDelete1:54 pm,
ReplyDeleteThere are plenty of good downtown neighborhoods. But, don't worry about it, cause your bad azz kids can't pass the FCAT anyway.