Monday, February 13, 2012

Gas Price Update

Gas numbers just out. Another bad week in a succession of bad weeks, nationally gas prices went .04 in the wrong direction - some areas saw worse - and diesel went nearly .09 cents against us with a .10 hit in the Midwest. Ouch.

I filled up this weekend and couldn't help notice that regular gas was touching $4 and premium grades were as high as $4.25 in my neck of the woods. Looking at crude oil lately, it doesn't look as if we'll get a break soon. We're closing in on $120. Remember, $140 broke the back of the consumer in 2008 and was a much bigger part of the recession than people give credit for. We are flirting with danger here and this is a big vulnerability for the Lightworker.