Wednesday, December 23, 2009

Pounded at the pump


World oil prices shot up. They are over 75 now. This is due to trouble in the middle east. I would love for things to calm down, but that part of the world is a very unstable region.

OK soon you will see gas prices over $3. Expect this as soon as next year. The current economic crisis did reduce oil prices, but we are seeing China expand its need for petroleum resources.

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