Queen Mother
December 31st, 2007, 03:39 PM
http://www.cnn.com/
NEW YORK (CNNMoney.com) -- Oil prices look set to end 2007 with the biggest gain this decade, climbing nearly 60 percent since the start of the year. But the ascent has been anything but steady.
Crude prices are on track to notch their biggest yearly gain since 1999 and end the year around $96 a barrel. Gasoline has followed suit, and is currently up over 30 percent from a year ago to over $3 a gallon.
I don't know if this is a result of the unrest in Pakistan or if there is more going on behind the scenes. But this can't be a good sign for gas prices in 2008. :mad:
NEW YORK (CNNMoney.com) -- Oil prices look set to end 2007 with the biggest gain this decade, climbing nearly 60 percent since the start of the year. But the ascent has been anything but steady.
Crude prices are on track to notch their biggest yearly gain since 1999 and end the year around $96 a barrel. Gasoline has followed suit, and is currently up over 30 percent from a year ago to over $3 a gallon.
I don't know if this is a result of the unrest in Pakistan or if there is more going on behind the scenes. But this can't be a good sign for gas prices in 2008. :mad: