Another Day, Another Record Price Notched for Oil

Oil Derrick-4

Put gas in your car lately? Yes, well multiply that feeling by about a million gallons a day and you’ll get a small idea of what airline CFOs feel like these days.

If this keeps up, maybe we should all chip in and contribute to an “Airline CFO Antidepressant” fund. Nah. We probably need to keep our own dollars in the bank to pay off our own gasoline bills.

Today the price of a barrel of crude oil closed at a new high — $100.88. This was an increase of $1.65 over yesterday’s close. The price actually went as high as 101.06 during the day.