Monday, September 22, 2008
What happens when the Federal Government spends @ 1 Trillion in a week..
You get inflation and a weaker dollar. So, guess what else happens to dollar based commodities....
Crude Oil prices rose far more in one day then just about anyone ever could have imagined. Really. The price per barrel for October Contracts actually hit $130.00 for a brief moment. Crude was trading in the low 90's just days ago.
Prices should open much lower tomorrow; many believe today's gains were the result of a "short squeeze" on expiring October contracts, but prices could make another run soon. The Gas Map at the bottom of the page will likely change in a not fun way. The Plastico staff recommends that you fill your tank today just to get a small reprieve before your next fill up. Good Luck.
Crude Oil prices rose far more in one day then just about anyone ever could have imagined. Really. The price per barrel for October Contracts actually hit $130.00 for a brief moment. Crude was trading in the low 90's just days ago.
Prices should open much lower tomorrow; many believe today's gains were the result of a "short squeeze" on expiring October contracts, but prices could make another run soon. The Gas Map at the bottom of the page will likely change in a not fun way. The Plastico staff recommends that you fill your tank today just to get a small reprieve before your next fill up. Good Luck.
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