BTW this is why it's going up

http://www.msnbc.msn.com/id/5612507/

Oil prices settled at a record high near $67 Friday, as U.S. refinery outages looked set to test gasoline supplies in the worldâ??s biggest-consuming nation.

The threat of hurricanes in the Gulf of Mexico and concerns over Iranâ??s decision to resume uranium-conversion activities also fueled the price increase, analysts said.

But some traders said purely speculative buying was a big factor behind the $10 per barrel surge in just over three weeks.


â??This is a bubble that will have to burst at some point,â?ť said Mike Fitzpatrick, an oil broker at Fimat USA in New York. A large increase in supply or a noticeable dropoff in demand will be needed to end the buying frenzy, he said.
Avengerdriver Reviewed by Avengerdriver on . We are taking gas up the ass The gas prices are out of control. It is already $3.09 a gallon in San Francisco. I can't figure out if it is Bush giving us the screwing to the benefit of his "oil boys" or our so called Arabic allies rolling out some economic terrorism. Either way, it sucks! I am leaning toward Bushy boy, given his lack of outrage. Heating prices are going to be through the roof this winter as well. So I pray and pray that the democrats win the next presidential election which they will unless the Rating: 5