Friday, May 16, 2008

Oil spikes to all time high 128

http://biz.yahoo.com/ap/080516/oil_prices.html?.v=13
NEW YORK (AP) -- Oil prices surged more than $3 Friday, shattering a previous record in a spike near $128 a barrel, as prices at the pump pushed to new highs of their own. The gains come 10 days before the Memorial Day holiday, the traditional start of the peak U.S. summer driving season, suggesting that retail gas prices have further to rise.

Bush in Saudi Arabia...

King sees no reason to raise oil production...