The price oil has hovered between $70-$80 a barrel. However, the for the last week oil has crept up to $87 a barrel on Thursday. This is setting alarms for some that oil would be over a $100 a barrel or more killing off the nascent economic recovery. Currently, Gas is at $2.83 a gallon which o.k. but if gas climbs over three dollars a gallons or more.
Reuters has the rest of the story.