Good news/bad news

The good news?

There is a thought/feeling/belief spreading that maybe we've seen the worst of the recession and that, maybe, we're pulling back out of it.

The bad?

Look where the price of gasoline and oil is--and is headed.

Yesterday we hit $54.57 per barrel and it's likely headed higher.

It's as I said earlier here, with so many people having lost money, one way or another, in the last year or so, a whole lotta' people are going to try to hedge their bets with the "sure thing" of higher prices for oil when the economy comes back. They'll be buying oil stocks like no one's business.

Yesterday? Gas was $1.84 a gallon near my office so I made sure I filled up.

Today?

$1.94/gallon.

And Congress and the White House are too busy with everything else to put limits on oil speculation back in our government that were taken out in 2000, which caused the $147.00 per barrel cost last year.

To quote Margo Channing: "Fasten your seatbelts, it's going to be a bumpy night!"