Daily Ramblings Log

April 22, 2008

Oil Soars at $120

Gas and oil prices pushed further into record high, with retail gas reaching an average of $3.51 for the first time and crude nearing $120 as the dollar fell to a new low against the euro.
The price board of a Chevron gas station is shown in San Francisco, Monday, April 21, 2008. Rising gasoline prices tightened the squeeze on drivers Monday, jumping to an average $3.50 a gallon at filling stations across the country.
More PhotosAt the pump, the national average price of a gallon of regular gas rose 0.8 cent Tuesday to $3.511, according to a survey of stations by AAA and the Oil Price Information Service. Prices for diesel — used to transport most food, industrial and commercial goods — also rose overnight to a new record of $4.204 a gallon.

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