Saturday, April 15, 2006

The week in review

  • DJIA gained 17.61 or .16% to close the week at 11137.65. Not much to get excited about but at least it's the right direction.
  • S&P 500 lost 6.38, .49% to close at 1289.12
  • 10-year Treasury yield rose .088 percentage points and stands at 5.053%. First time above 5% in years.
  • Oil gained another $1.93 to rise to 69.32/barrel. I broke the $50 mark on a fill-up this week with mid-grade at $3.09. Yippee.
Is the Enrgy Department in cahoots with big oil?

This week they released a seasonal outlook warning us to expect higher gas prices this summer. While this might not seem like headline news, doesn't it pretty much give oil companies a green light to go ahead and start raising gas prices? Thanks a lot.

Perhaps the Energy Department should just keep its big gas flap shut.

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