Daily Bad News Rundown: Oil and Jet Fuel Hit Record Highs Again

Wallstreet-6

Sorry to be a bit late tonight with today’s oil news, but yours truly had a little trip to the dentist’s office today. I won’t go into the less than pleasant details. Which reminds me. I don’t think I’ve ever gone when there were pleasant details.

But anyway, this put me back at the WWH late, and well, to be honest, I then had to slurp some soup and take some pain killers before the throbbing in my gums would stop.

Okay, can I have some pity here or what?

Speaking of pity, I pity the airline CFOs out there. It’s not going to be a happy Fourth of July for them, as the price of both oil and jet fuel hit new record highs again today.

After a bit of bouncing around, oil closed today at $145.29, up $1.72 from yesterday.

On the jet fuel front, New York Harbor Jet A closed at $4.36/gallon. Yes, another record high.

I do have one bit of very good news that relates to Wall Street however.

The markets are closed tomorrow in honor of July 4th.

Woo hoo. Get the sparklers out and start the parade.

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