Countdown to $200 Crude (1)

Crude futures closed at an all-time settlement high of $123.53 a barrel Wednesday (05/07/2008). I think we will hit $200 by 2010. This is my first post on this series.
I will have a new post every time Crude hits a new high.


http://money.cnn.com/2008/05/08/news/economy/gas_prices/index.htm?postversion=2008050806

Retail gas prices soar to fresh record
With nationwide prices at an all-time high of $3.645 a gallon, drivers now pay 20% more than they did last year.

NEW YORK (CNNMoney.com) -- Retail gasoline prices have jumped to new record high, auto group AAA's Web site showed Thursday. The national average price for a gallon of regular unleaded gasoline rose to $3.645, surpassing the previous record set May 1. Gas prices have been marching steadily higher since the start of the year. Drivers now pay 20% more than they did a year ago, when a gallon of gas cost on average $3.034. The price of gas has been pushed up by record high crude prices. Crude futures closed at an all-time settlement high of $123.53 a barrel Wednesday