Although the worldwide price of oil closed back under $60 today (actually under $59), last week it was on the way to $63.  That, plus low inventories and the Iranians not playing nice to the UN nuke squad, got the price climbing fast.  If the price drops back into the mid-50's, and Iran starts talks with Iraq, then the price will drop back.  Unfortunately the drop is usually lagged more than the rise.  Then as demand rises with the summer driving season, the price may steady or go up depending on domestic inventories....unless there is a major reduction in the world price.
Anthony
'89 Syncro GL (Hidalgo)

Robert Fisher <refisher@MCHSI.COM> wrote: Up 14 cents/gallon here since Friday morning- haven't really followed the news over the weekend, anybody know what bullsh*t... er... reason they're giving for it this time? Don't remember anything blowing up or any hurricanes and such lately.

Cya,
Robert

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