Hate to be the bearer of bad news:
SAN FRANCISCO (MarketWatch) — Crude-oil futures closed at an all-time high near $126 a barrel Friday, with strong demand for diesel fuel and concerns about global crude supplies prompting a weekly gain of over 8%.
“There is this overwhelming reluctance to admit that we’re simply in a new paradigm for prices and short of a wholesale collapse of the global economy, prices just aren’t going to pull back to a $75 level for oil,” said Neal Ryan, a manager at Ryan Oil & Gas Partners. Read the full story.
And as promised, we looked into how the local trucking industry is being affected by high diesel prices. Check out Sunday’s Business & Money section for the complete story.
BTW, Congressional hopeful Travis Childers is doing a promo where the first 50 people at Speedy Gonzales gas station (corner of Green/Gloster) will get their first 10 gallons of gas for $1.25.
It starts at 3:30.