Oil Hits Record High, Closes at $42.90...

[Zim Hosein]

LONDON (Reuters) - Oil prices hit their highest level in at least 21 years on Wednesday after bailiffs ordered beleaguered giant Russian oil company YUKOS to stop sales, threatening further strain on tight international supplies.

The news intensified concerns over the lack of spare capacity in the international oil system, as the OPEC cartel pumps at its highest level for a quarter of a century to meet strong global demand growth.

 

[Eli]

Weird...

Gas prices around here are the lowest they've been in months, down to 1.85 for Regular.

 

[Zim Hosein]

Originally posted by: Eli
Weird...

Gas prices around here are the lowest they've been in months, down to 1.85 for Regular.

That's about inline w/ what I've seen on this website:

GasPriceWatch.com

 

[m2kewl]

who'll be the first on ATOT to b|tch about gas prices???

 

[DaveSimmons]

Here in the US shortfalls in refinery production (AKA collusion to create shortages) has doubled and tripled the profits of the oil companies. Their public statements claim they make "only pennies per gallon" in profits, but that isn't what they're putting in their shareholder reports.

On the other hand, being pro-conservation I don't mind punishing SUV owners for their gas-guzzling and getting people to think about fuel efficiency again.