Rich get Richer
Maybe we can look forward to another year of record-breaking profits from the big petroleum companies.
Crude-oil prices broke through $75 a barrel to hit a new record Friday, fueled by concerns about Iranâ€™s nuclear ambitions and tight U.S. gasoline supplies.
The average price per gallon is now $2.855 nationwide. This has got to be hurting especially bad down south, where most of the truck stops I saw last summer still had the non-removable "1" on their giant signs (for dollar-something gas). My guess is they may have by now gotten up giant 2s, but we're getting to $3 now.
Gonna be a good year to own oil, unless the G-man decides to take it from ya.