Oil is at 130 per barrel!!!!!

[teddy1971]

Here comes the heat from the bailout.

http://money.cnn.com/2008/09/22/markets/oil/index.htm?postversion=2008092214

 

[MainePellethead]

As I posted in another.....my high is 4.50-5.00 a gallon for the peak of the season....and i stand by it still

 

[tkirk22]

Faux News just reported $25 up in the LAST HOUR. (It's settled back down though)

The talking heads will probably still be saying that it isn't the speculators driving the market.

 

[buckscrape]

According to Blooberg WTI Cushing Spot 119.14 14.59 13.96 @ 2:11 pm 9/22/2008

 

[imacman]

$108.77 as of 3:13 PM today (up $6.23 )......see this site:

www.oil-price.net/

 

[Pelletluvr]

Wow. Glad I bought last week. 3.10/gal for 500 gallons cash deal. Exactly last year I paid $2.15. I only need 500 gallons for hot water and heat in one end of the house when it's real cold. Four tons of pellets put away in the cellar. Bring on winter, I'm ready! :coolsmile:

 

[BJ64]

This is nuts.

 

[tkirk22]

The $25 climb was for October delivery and that contract expires today so traders had to cover their positions before end of day.

This explains the different prices people are seeing: http://biz.yahoo.com/ap/080922/oil_prices.html