When I went by the BP Amoco station I always use this morning at 6:30 am the price was $3.84 per gallon.
When I returned home at 4:30 pm this afternoon, the owner was out putting up the new price - $4.04 per gallon!
In 10 hours it went up 21¢!
What did I miss in that 10 hours?
Oil reached an all time high of $123.53 today. That's twice what it was one year ago. It made the DJI tank under worries of the effect.
On the other hand, the Dollar is finally doing better against the Euro than it had been. What's it taking? threat of inflation and anticipated production increases that would cause inflation.
On an even more upbeat note, a painting by Monet, "The Railroad Bridge at Argenteuil", set an all-time high for a Monet fetching a mere $41.1 million. Also, a bronze by Rodin, "Eve, the Large Version", set a record for the artist's works at $18.9 million. So, you see, it ain't all bad news.
sounds illogical, doesn't it?
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