Friday, February 29, 2008

All you need to know

(AP Photo/J. Scott Applewhite)
"Ah ain't never heard me of no $4 dollar a gallon gas. That's ridiculous, those stories come from the ridiculousaters"

Meawhile, in reality:

(AP Photo/Paul Sakuma)

And also meanwhile...

Oil prices surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market.

Prices were supported by comments Thursday from Federal Reserve Chairman Ben Bernanke, who said the American economy is not immediately threatened with stagflation, a combination of economic weakness and rising inflation.

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