Over A Barrel...Of Oil

I dared to hope that oil prices were beginning a downward trend when they sunk into the $120 per barrel range last week. Those hopes were dashed as oil closed on Friday at nearly $139 per barrel, setting a new record high. Another mark was also set for the largest single day increase in oil prices on record. That is not the kind of records that we want to be setting. To add insult to the injury, analysts predict that oil will hit at least $150 per barrel by July 4. That is less than a month away, and sure to put a damper on Independence Day festivities. It can not be overstated just how much some families are suffering from rising oil prices and the subsequent effect that it has had on the price of goods and services. Despair is beginning to take hold as we feel like we are sinking deeper into the abyss. Our Government is either unwilling or unable to help. Probably a little of both I suspect. It's going to be a difficult summer.