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The Sprawling From Grace Fuel Gauge News and Information on Suburban Sprawl-Related Issues |

Crude oil prices rose dramatically on Monday making the largest one day jump in history. The price went up as much as $25.45 a barrel at one point before settling at $120 a barrel by the end of the day.
Prices swung lower Tuesday, falling below $107 a barrel. It was crude’s first down session in five days. However, as global oil supplies grow ever smaller and the dollar continues to weaken, the fact that the U.S. government has had to come forward with a $700 billion plan to rescue Wall Street will only make it more likely that investors will shift funds out of equities and back into commodities like oil. As a result, oil prices are likely to go back up to record levels.

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