The rise in crude oil prices to above $134, on yesterday's market, translates to about $3.97/ gal around the mid-west.
Many economist are attributing the price spike to the weakening of the US dollar in foreign markets and the influx of investors who are seeking investment shelters from the down turning economy by investing in oil.
Americans are feeling the pinch of high energy prices across the board. The transportation industry is being hit the hardest with the significant increase in fuel cost since last year, which has streamlined profits and crippled budgets.
Sen. Hillary Clinton, while campaigning in Kentucky, sounded the alarm and proclaimed that if we don't address the current energy crisis, our economy won't resemble the America of old.
Its hard to imagine that the mighty USA could be brought to its knees by surging energy cost, but it a reality that will come to fruition if we don't act now.
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