Friday, May 23, 2008
Dow Drops as Oil Climbs Per Barrell
Wall Street took a tumble on Tuesday after oil prices spiked to a record above $129 a barrell. Not only that but a government report raised investor's concerns about the effect of inflation on consumer spending. I think consumer spending has been down since before Christmas. Jobs are uncertain and people are thinking twice before buying things they can get along without. I thought I heard this morning that now oil is $133 a barrell. Gas prices are rising 5 to 10 cents a gallon almost daily or every other day. Where is it all going to stop?
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment