Tuesday, October 30, 2007

Scary Story V

Oil prices are at an all time high. Yesterday a barrel of oil cost $93.53 which beats the January 1981 record when adjusted for inflation. You probably noticed gasoline went up to $2.99 a gallon yesterday. I don't think it'll be long before we hit the $100 a barrel mark. So at what price will you start to drive less? What if gas is $4 a gallon? Or five dollars. Real scary, what if it's $10 a gallon? How will higher gas prices affect your spending on other items like fast food and movie tickets? Boo! These are the days my friend,
Jim "Train"

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