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Oil finishes above $106 - New Record

ratAphooey said: "Wow. $106 bucks a barrel for oil today. MAN this is what is scaring people so bad. I am polishing my bicycle right now."

Heather said: "Ouch. That isn't the news that anyone wants to hear."

ratAphooey said: "I am selling my car and buying a public bus pass"

SystemTrading said: "I don't see the price coming down either. As long as the fed continues to cut rates and devalue the dollar, prices are going higher."

ratAphooey said: "I think the Fed is hell bent on doing that too. They will continue to lower rates."

StockMan69 said: "Crude oil briefly soared over $107 today. Gas prices are up over 60 cents a gallon from last year I heard in another report. If you use 100 gallons of gas a week it is costing you $64 more weekly."

SystemTrading said: "[QUOTE=StockMan69;65245]Crude oil briefly soared over $107 today. Gas prices are up over 60 cents a gallon from last year I heard in another report. If you use 100 gallons of gas a week it is costing you $64 more weekly.[/QUOTE] Holy crap! Glad I only use about 10 a week."

Heather said: "Regular gas was up to $3.45 a gallon for regular here! I'm happy not to be driving a gas guzzling SUV because I couldn't imagine putting that much money into a fuel tank."

StockMan69 said: "$110 a barrel now. I saw gas today at $3.49 and $3.68 for premium."