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Title: Oil Prices Are Nuts
Category: Other
Blog Entry: Despite higher inventory numbers, oil hit over $109 today. Seems like speculation, not fundamentals, are pushing up the price. At these levels, people will definitely consume less. It just rose too much too fast.
As for me, I will be driving less. For my next purchase, I will be looking for a more fuel efficient car. Resale prices for SUVs are dropping like a rock.