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Rich Shopes

Oil hits all-time high


Crude oil prices reached an all-time high, leading AAA and others to speculate that gasoline prices will keep rising this spring.

“Not only are we in the beginning of the annual spring gasoline ramp-up, we’re still seeing a U.S. dollar that is substantially devalued against the Euro, which just encourages the rally to crude oil to continue,” said Randy Bly, a spokesman for AAA Auto Club South, based in Tampa.

On Friday, crude oil was selling for $105.15 a barrel, an all-time high.

A gallon of regular unleaded costs $3.27 a gallon on average in Florida. That’s 2 cents higher than the week before. 


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Why isn’t someone asking the Fed. Gov. some very pointed questions about fuel prices? Hurricane Katrina was just an excuse. Oil companies reporting record profits while virtually every other industry is hurting. Funny how the fuel prices went up on Bush’s watch (he’s from an oil family). If they really wanted to do something about the economy, they would deal with fuel prices FIRST. Fuel prices effect EVERY product on the planet, and effects the nations confidence in the economy. If people can’t afford fuel to go on vacation, or barely can afford to go to work...the morons can drop interest rates all they want, and it isn’t going change the people’s confidence in our economy.

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