The Up-Swing Continues

In reading a money news article by Adam Schreck the AP Business Writer it is clear that the rise in Oil Prices is not over. Late Wednesday the price per barrel hit over $144.00 just as the government reported an unexpected drop in U.S. supplies with the threat of attacking Iran on the traders minds.

Speculation? It seems every time the oil people sneeze, and something in government happens it is the traders on Wall Street who frantically sell, trade, buy causing speculation that drives up the oil price. But don't take my word for it.

Good luck this 4th of July at the pumps. And expect higher prices all the way around the grocery stores and utilities.