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With the balance of power in oil-producing Libya in question, that uncertainty caused some panic on Wall Street early Thursday as crude oil barrel prices topped the $100 mark for a short while before falling to about $96 later in the day.
The price per barrel was at just over $86 at the start of the week. Every $1 rise per barrel in crude oil is equal to a 2.4-cent increase in the price for a gallon of gasoline.
Originally posted by AnonymousFem
Well over here in the UK. The Petrol courts are warning they will have to put an extra 10p on the price of a Gallon off Petrol, not as if Motorists have enough to pay, with the dear costs of petrol nowadays.
Oh they profiteer while the rest of us struggle. Scumbags I say!!
Originally posted by ~Lucidity
And the cost of airline tickets has already jumped too, and the price of food will go up, and the cost of heating and electric, and most of these prices will ever come down again even when those numbers at the gas pumps do. Thank Wall Street and no one else No supply-and-demand excuses this time, Just "worries." Isn't it fun being at the mercy of these "worriers?"