The Raw Story | Oil prices pass $133 after report of supply drop

The Raw Story | Oil prices pass $133 after report of supply drop: "Runaway oil prices blew past $130 a barrel for the first time Wednesday and kept going, while gasoline prices persisted in their own relentless climb, rising above $3.80 a gallon. Supply worries, rising demand and a slumping dollar are conspiring to make filling up the car — and paying for just about everything else — a growing burden for Americans."

I read another report that put the price up near 140 a barrel at one point today. It will not be long until the next psychological barrier of $200 is passed. Here in west Texas, our gas prices recently broke the equally scary psychological border of $4.00 a gallon, and are heading up fast. Over the span of two weeks, we have paid $3.937/gallon, $4.034, and the last time, a few days ago, we paid $4.109. The economy is in a midst of a downward spiral, and despite the government's assertions to the contrary, it is getting worse.