Since the entire Middle East is currently moving toward revolt due to Chairsatan Bernanke's continued money printing, the Saudi's have decided it's perfectly OK to allow crude oil to continue it relentless climb.
With Brent crude currently trading around $114 a barrel, that will put West Texas crude at around $104 dollars per barrel, or about $3.75 a gallon at a gas station near you--if you believe the Saudi's can fill the gaping hole in supply caused by the Libyan revolution presently underway. I don't hold out too much hope for that.
Remember the last time oil prices climbed to record highs throughout the summer, hitting $147 a barrel? That was 2008. HT-Zero Hedge
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