Saturday, June 30, 2007

More Higher Gas Prices?

Oil futures spiked above $70 a barrel on Thursday for the first time since September 1 on a government report that showed gasoline inventories dropped unexpectedly as the summer driving season neared its peak. We noticed gas went up right away in our small town and we thought at first the Holiday 4th of July coming up was to blame. But then we heard about the price per barrel rise. This broke a monthlong decline and held steady overnight with a national average of $2.975 a gallon. It is $2.959 here where we live. You just can't stay home and hibernate so you pay the going price whether you like it or not.

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