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GasBuddy News Article


Oil tops $126 US a barrel
Friday, May 09, 2008
CBC News -- Oil prices surpassed a record $126 US per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities.

Light, sweet crude for June delivery roseto a new record of $126.20 US a barrel in electronic trading on the New York Mercantile Exchange by the afternoon in Europe. Oil later traded at $125.28 US, up $1.59 US.

On Thursday, the contract rose to a record close of $123.69 US a barrel.
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JT
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 Message Posted: 5/9/2008 10:56:46 AM  Ignore JT Report Abuse
Friday, May 09, 2008
CBC News -- Oil prices surpassed a record $126 US per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities.

Light, sweet crude for June delivery roseto a new record of $126.20 US a barrel in electronic trading on the New York Mercantile Exchange by the afternoon in Europe. Oil later traded at $125.28 US, up $1.59 US.

On Thursday, the contract rose to a record close of $123.69 US a barrel.

Visit CBC News for full article
REPLIES (newest first) Page:  First Prev [ 1 ] 2 3 4 Next Last
Towne234
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Greensboro

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It's stil going up over 200 dollars.
gasforus
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Michigan

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And tomorrow it will be higher or lower, and so on, and so on, etc., etc.
kingdick
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Minnesota

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Even if the major U.S. oil corporations were allowed to drill every square inch of the U.S., there simply isn't enough projected oil reserves for the U.S. to ever achieve energy independency based upon the current oil-based economy.
brogan56
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Colorado Springs

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Has the sky fallen yet?

Signed,
Penny Henny
Gassie1
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Akron

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This too will seem a bargin in the not too distant future.
HDUltra03
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Oregon

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This happens when oil is traded!
Marson
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Pennsylvania

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Dont wory they will come up with the excuse of the week.
DerHahn
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Illinois

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so what excuse will be used this week to keep prices high?
Cuzilla
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Indianapolis

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So what? If it bothers you, buy less! I reread my copy of the U.S. Constitution the other day and could find no mention of the "right" to low gas prices - or any cheap transportation for that matter!
The_WB
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Detroit

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Stay tuned for next weeks price.
hauler43
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Oakland

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Sticking it to Pres Bush an his allies.
weenerdog
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Detroit

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it will only go up, we've given them permission with these predictions.
the sky is the limit
Masercal
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Michigan

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Oil makes me sick and listening to people continue to whine about the high price of oil is just as bad. We have a choice people...move away from oil and move to affordable renewable energy. The technology and some of the products are here today. We just need to demand the change.
kingdick
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Minnesota

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The Fed's have done plenty but MOST of it has made it BETTER for the rich and WORSE for the working middle class.

-----------------------------------
In the many years before 2006 the Republicans control of our government did not foster increasing the supply of oil.
They also deregulated the markets which has allowed the Speculators freedom to RAISE the price of Crude with no regard to supply and demand.
Another bad thing that happened on their watch is all the Control of fuel to very few companies, no competition.
-----------------------------------
Mazdaman7Q
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South Carolina

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And on and on and on...
n3his
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Pennsylvania

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Congress, does what it does best. Nothing!!!
winggnutt
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Detroit

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DRILL NOW!!!!!!!
bug27
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Kentucky

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The Democrats in Congress are blocking new American supply. Therefore, we are forced to depend on the Middle East, Venezuela, etc.
phatride92
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Kansas

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up the short term capital gains tax on oil futures.
walker1
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Ohio

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wallstreet, investors. speculators, and govenment, this is what is keeping the prices going up
Zinnoil
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Illinois

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And Congress will not address supply.
SpruceGuse2
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Michigan

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That's because we are letting speculators control the market.
UTOrangeMan
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Atlanta

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Can't handle much more.
jjulson
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North Dakota

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ok
4warned
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Michigan

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Old News. How about some government action, by allowing more drilling.
tomok
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Portland

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higher and higher..........
Matts_Pap
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Pennsylvania

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See ya later: This is where I came in!
Cachase1
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Oklahoma City

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Why is this news? It seems like we have an increase almost daily.
tags610
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Lincoln

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It will get to where people really can't afford, not just think they can't afford it.
Gellin
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Michigan

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no end in sight
marbljk
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Alabama

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Up Up and away.
racerdj
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Indianapolis

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Ditto!
4flees
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Virginia Beach

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Nothing like starting Mother's Day on a positive note...
1alden
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Twin Cities

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OUCH
Shiff
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Pennsylvania

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nothing new
CTTeacher
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Waterbury

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GRRRR!
EXTREMESNOW
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Oregon

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TODAY HIGH IS TOMORROWS LOW! WITH NO RELIEF IN SIGHT, OF COURSE THEY ARE SNAPPING UP THE COMMODITIES.
The_WaTchR
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Georgia

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OPEC is laughing their a## to the bank.
meteorologist
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Knoxville

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Speculation is only a factor because global demand is a factor.
lpj
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Georgia

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gas is what everyone life !
CheddarWedge
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Texas

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With the guessing game of speculation, the majority will loose.
c47
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Virginia

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Whats new???
gohiking
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Los Angeles

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I already did something...I thanked God every day for buying my electric car. Keep on paying the terrorists, it will bring Armageddon sooner!
Lonewolftx
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Houston

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Onward and upwards it goes . . .
FLF
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South Dakota

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ALL THIS PRESS ATTENTION WILL DRIVE THE PRICES EVEN HIGHER
MaltaLee
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Albany

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And starting monday they'll writing another article stating that oil will go to $128-130 a barrel.
DooDaa
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Massachusetts

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Chump Change!
racer3
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New York

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close wall street
spc
Rookie Author
North Carolina

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countdown to $200...moving right along...
AvantiMick
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Indiana

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It ain't done yet!
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