I recently wrote about using the Valley Metro system for getting to my new job. That analysis was based on gas being $2.80/gallon. As gas goes up it will only be saving me even more money to take the bus and eventually the light rail (it goes right in front of my new offices).
The price of oil ended trading at a record high of $100.01 per barrel on Tuesday. Analysts say supply fears helped push prices up. If the prices stay above $100, companies and consumers could face higher costs.
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