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FCC Reports

Oil Prices Spike Up To New Record High: $129 A Barrel Save Email Print
Posted: 10:38 AM May 20, 2008
 Last Updated: 10:38 AM May 20, 2008
14 comments
A | A | A

Oil prices have spiked to a new trading high, sweeping past $129 a barrel.

Prices are currently being driven higher by supply concerns. This latest surge comes after OPEC's President was quoted as saying his organization won't increase its output before its next meeting in September.

Over the last month, a gallon of unleaded has shot up more than thirty cents nationwide. Traditionally, gas prices peak over Memorial Day.

Yet, some oil analysts predict seven dollars a gallon down the road. Some reasons: the sagging dollar and rising international demand.
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Posted by: crystal Location: knott co. on May 20, 2008 at 09:58 PM
Did not Mr. Bush take a trip to the middle east? Now come on mr. shiek we need that oil price up higher. lol I'am getting kicked out of office, please mr. shiek raise the price to $150.00 a barrel by june, YPARTNER THEM CRAZY AMERICANS THEY JUST KEEP ON PUMPING LOL Bush the lowest American president there ever was( no joking)( no LOL) the whole thing makes me sick.
Posted by: RALPH Location: PIKEVILLE on May 20, 2008 at 06:38 PM
VOTE DEMOCRATIC, WHY? THIS ALL STARTED WHEN THE DEMOCRATS GOT CONTROL OF BOTH HOUSES IN THE LAST ELECTION.
Posted by: hill Location: ky on May 20, 2008 at 06:08 PM
gas price ant the only things going up electric, phone, car insurance food, robbiers, thefts all is just out of control and alot dont even seem to care. people that have to work and i mean work for there money cant afford to keep running on little pay and having to pay higher bill, gas and food are going to get to where they are going to quit. i know that im having alot of thing removed from my everyday live that i dont think is important by giving my money away for them to keep raising prices when ones that ssi, ss. and afdc and food stamps live it up i should quit and start getting me a check to and then dont have to worry about throughing money that is so hard worked for away ill use the states like everyone else. it going to come down to a whole lot more people robbing, stealing and killing for things and nobody wants to fit for what theres. maybe the drug selling will drop cause no one will have money it all your lose
Posted by: Anonymous on May 20, 2008 at 04:04 PM
Amen Bill! Vote democratic!
Posted by: Jules Location: Lexington on May 20, 2008 at 02:50 PM
Is it just me or has anyone noticed that the price of gas keeps going up and the quality of the gas keeps going down? I filled up my car at the same station that I always frequent and my car now is acting like I put watered down gas in it. Took it to the mechanic and they said I put "bad gas" in it. Not only did I have to pay an arm and a leg for gas, now I have to pay it again for the mechanic and more gas! Something has got to change!!
Posted by: Doug Location: London on May 20, 2008 at 02:46 PM
One thing will help, don't know if it will solve the problem or not. But it can't hurt. STAY AT HOME AND OFF THE ROADS!!!!!!!!!!!!!!!!!
Posted by: sarah Location: isom on May 20, 2008 at 01:43 PM
If I owned oil companies like the Bush and Chaney gang $4 a gallon would be good news.
Posted by: tyler Location: isom on May 20, 2008 at 01:05 PM
Bush and his wonderful energy policy,what a shame and to think McCain wants to follow this path of distruction makes me glad I'm a democrat.
Posted by: Chis Location: Neon on May 20, 2008 at 12:47 PM
Good, now we can all sit at home. Maybe raise a garden, build me an outhouse and fix me some 'shine.
Posted by: jennifer Location: powell county on May 20, 2008 at 12:11 PM
Guess Bush is trying to get all he can before the end of his term.
Posted by: Dave Location: Mousie Ky on May 20, 2008 at 12:02 PM
Oil brokers by state: http://www.superpages.com/yellowpages/C-Oil Brokers/
Posted by: Dsve Location: Mousie Ky on May 20, 2008 at 12:00 PM
Consider this, are we under attack? if gas prices go over five dollars per gallon most people making minimum wage will have to quit work. This would tumble our economy into a depression that would tear this country apart. The oil brokers need an attitude adjustment, don't you think so? I will list out some addresses later!
Posted by: bill Location: hardburley on May 20, 2008 at 11:05 AM
Voters, as we proceed to the November election please remember what the price os gas was when the democrats were in control and were not controlled by the oil companies.I remember those days and long for them again.
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