Oil Now at $100

Oil topped $100 a barrel for the 2nd day in a row. Lets see what this means
 

In the end we are all spending more money and getting less whether its gallons at the pump or groceries.

Economy could drive oil prices down

That doesn’t mean oil will plummet — unless there’s a severe recession, said Evans, who expects prices to hover near $70 a barrel. These concerns have prompted banks and hedge funds to make big bets on oil — investments that put further upward pressure on prices. Some members are producing above their quotas, either to [...]

Oil prices rise to US$93 a barrel on IEA report forecasting higher …

Oil prices rose Friday on forecasts that oil demand will grow faster next year than previously expected, with new buyers in the market. The forecast assumed continuing robust oil demand growth in non-OECD countries, where subsidies protect people from the impact of high oil prices, and normal winter weather. On Friday, light sweet crude oil [...]

Senate drills Bush official over oil prices

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Fuel Oil Prices

December 5, 2007
Average price of fuel oil in Maine is now $3.20. This is an increase of nearly $1 over last year’s price. Many in this state use kerosene which is running $3.60 a gallon.
The heating assistance program is overwhelmed. Our legislators are requesting more money from Washington to keep our folks warm through this [...]

Heating Oil Will Cost 28% More this Winter

If you haven’t locked your oil price – do it now.ÂÂ
And if that’s not all bad enough… it will cost about 10% more to heat your home this winter. The National Energy Assistance Directors Association (NEADA) said yesterday it expects the average U.S. household will spend $992 on heating their home this winter, up [...]

Oil Hits $80 a Barrel for First Time

Wednesday September 12, 4:29 PM EDT
NEW YORK (AP) — Oil futures prices rose sharply Wednesday, briefly climbing above a record $80 a barrel after the government reported a surprisingly large drop in crude inventories and declines in gasoline supplies and refinery activity. The report from the Energy Department’s Energy Information Administration suggested oil supplies are [...]

Oil prices rise after violence in Nigeria

Oil Prices Rise
LONDON: Oil prices rose Wednesday after the armed seizure of four American workers in Nigeria raised more concern about escalating violence in the southern petroleum-producing region.
An upcoming U.S. inventories report, meanwhile, was expected to show a rebound in gasoline stocks for the first time in three months.
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