Oil hits a new record, again.

[Bindare_Dundat]

The price of a barrel of crude oil has reached another record high in both London and New York.

US light crude added 16 cents to settle at $123.69 in New York trading, but in after-hours trade hit $124.61 a barrel.

Meanwhile in London, Brent crude settled 52 cents up at $122.84 a barrel, a settlement record.

Concerns over supply, forecasts of higher world energy demand and the weak value of the dollar have all been factors pushing up oil prices.

Earlier this week a report by Goldman Sachs said the price of crude oil could reach $200 a barrel in as little as six months, as supplies tighten.

[24KT]

The price of a barrel of crude oil has reached another record high in both London and New York.

US light crude added 16 cents to settle at $123.69 in New York trading, but in after-hours trade hit $124.61 a barrel.

Meanwhile in London, Brent crude settled 52 cents up at $122.84 a barrel, a settlement record.

Concerns over supply, forecasts of higher world energy demand and the weak value of the dollar have all been factors pushing up oil prices.

Earlier this week a report by Goldman Sachs said the price of crude oil could reach $200 a barrel in as little as six months, as supplies tighten.

Tonight they announced on my evening news that drivers should fill up their tanks before midnight,
because as of midnight, it was going to go up yet again to $1.25 / litre. That's $5.31 a gallon.

Two weekends ago when I was in Florida, our VP filled up his rental car and it was $4.85 a gallon.

My friend Cliff from the UK congratulated all the Americans for living in a country where gas was 1/2 price.
He filled up his tank just before he left England. It cost him $200. Gas in the UK is $9.00 a gallon.

I'm singin' in the rain, ...just singin' in the rain, ...what a glorious feeling, I'm happy again. I'm singin' and dancin' in the rain!

[Dos Equis]

 

[Hugo Chavez]

Tonight they announced on my evening news that drivers should fill up their tanks before midnight,
because as of midnight, it was going to go up yet again to $1.25 / litre. That's $5.31 a gallon.

Two weekends ago when I was in Florida, our VP filled up his rental car and it was $4.85 a gallon.

My friend Cliff from the UK congratulated all the Americans for living in a country where gas was 1/2 price.
He filled up his tank just before he left England. It cost him $200. Gas in the UK is $9.00 a gallon.

I'm singin' in the rain, ...just singin' in the rain, ...what a glorious feeling, I'm happy again. I'm singin' and dancin' in the rain!

That's a start, now drop the slogans.

[24KT]

That's a start, now drop the slogans.

What do you have against Gene Kelly?

[Hugo Chavez]

What do you have against Gene Kelly?

using him as a marketing ploy