Oil Hits Record High

jimntx

Veteran
Jun 28, 2003
11,161
3,285
Dallas, TX
The price collapse predicted by the "experts" on this website needs to happen soon. All this irrational exuberance has me on the way to the pore house. It cost over $30 to fill up my Subaru! :shock:

Crude climbs on drop in gas inventories, fears that tropical storm may hamper production.

NEW YORK (CNN/Money) - Oil prices surged to record highs Wednesday after an unexpected drop in gasoline stocks added to worries that a gathering Caribbean storm could knock out crude supplies to the United States.

Light, sweet crude for October delivery settled at $67.32 a barrel, up $1.61, after spiking as high as $67.40. Just before the Energy Information Administration released its inventory report, the contract was up 49 cents at $66.26.

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STOP THE INSANITY!!!!! If this continues, airfares will have to climb. Probably in the area of $25 each way. Just my thoughts..............
 
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