Oil Prices Looking Ugly as Well
Oil prices were up again today as fears of the effect of a Nigerian strike against oil producers caused traders to come down with a case of the nervous jitters. Oil was up almost 50 cents on the day, closing at 69.14 a barrel.
Word to the wise. Don't get used to those lower prices at the gas station. They aren't going to stay there for much longer with oil moving up as it has been for the last two weeks. Remember -- there is usually a lag time between rising oil prices and higher gasoline prices.