Wednesday, February 23, 2011

Crude Extends Gains After Hours

May crude now +$1.14 at $99.24/barrel.

Gasoline, unleaded, at the corner service station on the way to school here in San Antonio:
  • Tuesday evening, February 22, 2010: $2.89
  • Wednesday morning, February 23, 2010: $2.99
  • Wednesday evening, February 23, 2010: $3.09
  • Thursday evening, February 24, 2010: $3.19
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2 comments:

  1. AnonymousFebruary 24, 2011 at 10:56 AM

    Gee, I'm torn about this... great for those getting the oil payments in one way or another (yeah!), but I still end up paying out the same as everyone else at the gas pump (yikes!). I suppose the best we can hope for is a level of stability.

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  2. Bruce OksolFebruary 24, 2011 at 11:14 AM

    I agree completely. My heart goes out to those who are living on the margin, and I think it's a lot more than we realize.

    I agree with one "talking head" who said that the price of gasoline is the one thing that hits almost all Americans on a daily basis. Even if they are not filling up that day, they are reminded every time they pass a gas station how expensive gasoline has become. It can be very, very demoralizing.

    I do not understand how Washington could let this play out year after year after year, since 1973. It's not as if there aren't solutions.

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