December 31, 2010

HAPPY NEW YEAR: Oil Surges to Highest Year-End Price Since 2007 on Dollar. “Oil surged to its highest year-end price since 2007 as the dollar weakened and gasoline and heating oil futures climbed.”

I paid 3.22/gallon for gas today. I expect I’ll be paying more soon. Expect a flurry of JournoListism telling us that high gasoline prices are good because they help the environment.