Oil price rise over $61 on Iran, supply concerns - Reuters

[Eugene]

Oil price rise over $61 on Iran, supply concerns

1 hour, 1 minute ago

NEW YORK (Reuters) - Oil climbed above $61 to a 2007 high on Friday
following a sharp drop in fuel stocks in the United States, as tensions
over Iran's nuclear program stoked supply concerns.

-snip-

Weekly government storage data released on Thursday showed a sharp
decline of 3.1 million barrels in U.S. gasoline stocks last week, stoking
concern ahead of summer driving season.

Refinery glitches also have stoked concerns in the world's top energy
consumer, and nine tankers of European gasoline were headed to U.S.
shores to take advantage of higher prices.

"The latest data suggests to us that the tightening dynamic which had
emerged over the past few weeks is continuing," said Kevin Norrish, an
analyst at Barclays Capital, adding that gasoline demand was showing
surprising strength.

-snip-

Full article: http://news.yahoo.com/s/nm/20070223/bs_nm/markets_oil_dc_32

[rodeodance]

1. gas has gone up abut 30cents /gal last month.

[HockeyMom]

2. It went up 8 cents a gallon last week

and I noticed it was up another 8 cents today. The stations have not gotten their Saturday deliveries either. Can we expect another 8 cents tomorrow too? Today it was $2.49 at a "mystery gas" station.

BTW, my natural gas heating bill for last month was just under $400. There is no way I can pay that much in just one month. I called the utility to work out a payment plan spread out over the year. Amazingly, they were very nice and understanding. She said they were getting swamped with calls lately.

I moved to within one mile of my job so I don't have to spend a lot on gasoline. I have my thermostat set at 64 degrees and walk around freezing in a thick wool sweater with my face and hands cold. Hat and gloves in the house? My daughter sleeps with a down blanket, wool blanket, and electric heater. My cats spend most of the time in my bed UNDER the blankets; even my Maine Coon with thick, long fur.

There is nothing more I can do. I owe my LIFE to the utility companies.

Thank you, oil man Bush. Apologies for the rant.