Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, April 22, 2008

Pain at the Pump

My husband gives me nightly reports on the price of gasoline. For a while, I ignored him. That is, until I crossed the $50 mark on a fill-up. Ouch! Oil prices have climbed more since then to $119 per barrel. Increases in demand across the globe combined with a weak dollar have resulted in the pain at the pump. This won't go away soon, not with the heavy travel season upon us. Stocks pulled back about 1% today as a result. After the close, Yahoo announced earnings, and it was all rosy. Expect us to gain back some of that 1% tomorrow! DJIA -104.79 NASDAQ -31.10 S&P 500 -12.23