Oil over $70...

[Bigmack]

http://www.bloomberg.com/energy/

Maybe I should cancel that order for the Armada.

[hatrack]

1. Well, that didn't take long . . .

Happy driving this summer, America!

[stop the bleeding]

2. my tickers are still showing mostly green for the markets

so this hasn't rocked them yet - thank you

[cliss]

3. Yes, and I just called the Hummer company

and canceled my Hummer. (snaps fingers) and I was SO looking forward to running through a few lights with that thing.

Seriously though, this is alarming. Bloomberg shows $70.15 for crude futures. I think the all-time high was $70.35 after Katrina. And we're not even dealing with a hurricane.

[Nickster]

4. FYI, You're looking for the NYMEX Future. The first one on the list.

Crude is at 68.80 right now. That still sucks mightily, but we won't be at 70 until.....ohhhh I'd say this time next week most likely.....yup, next week at the earliest.

[5X]

5. But, if all is typical....

gas will go up at the pump by this afternoon.

[Nickster]

7. I'd be surprised if it wasn't up right now. Actually, the pattern seems to

be drop in a price a penny or two, then jump a dime. At least in my neck of the woods. Boy, I just can't wait til I get to pump in the first gallons of 3.50 gas. My My My.....good times. *sigh*

[Jamison]

6. Ha! $70 is nothing.

Wait till August comes, I predict it will be over $100 a barrel by then.

[oc2002]

8. or more. I predict 120 per.

barrel of oil, even more if we start a war with Iran.