Friday, April 18, 2008

It seems so long ago!

Back when I started this blog, in the dim mists of history... November, 2007 (6 months ago!), oil had only recently broken the $90/bbl price point, and it was an open question whether it would ever really get to $100/bbl.

Today:
Gas prices push closer to $3.50 a gallon, oil hits $117
By JOHN WILEN, AP Business Writer
Fri Apr 18, 2008
NEW YORK - Retail gas prices set new records Friday on their seemingly relentless march toward $3.50 a gallon, and diesel prices pushed further above $4 a gallon. Crude futures, meanwhile, surged to a new record of $117 a barrel.
The question has been answered: Yes, oil really did get to $100/bbl.

Any bets on peak price in next 12 months?

Thank you, W!

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