News, Oil Passes $98 on Bombs, Demand Forecast. (gallon, Afghanistan, holidays)

[JD59]

NEW YORK (AP) - Oil futures jumped to a new record above $98 a barrel late Tuesday after bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks.

Those concerns were also fed by a government prediction Tuesday that domestic oil inventories will fall further this year while consumption rises.

News Home - Ask.com News Search (http://story.news.ask.com//article/20071107/D8SOJ6902.html - broken link)

[baystater]

Let me respond in my native Massachusetts lingo. Well that just F##king Pissa. Now isn't it.

[TXboomerang]

$4 a gallon is coming before the holidays, just in time for massive profits. Prices are up over 30 cents a gallon here in under 2 weeks.

[Yeledaf]

Originally Posted by tnbound2day

$4 a gallon is coming before the holidays, just in time for massive profits. Prices are up over 30 cents a gallon here in under 2 weeks.

Out here on the left coast, The Dems rammed through a 30-cent a gallon tax about a year ago. We're at $3.45 today. Might need to harness the team to visit grandma this year on turkey day.