Today oil prices top $117 a barrel.

The only thing I have to say is this is getting way out of control with no relief in sight. I think the best thing to do at this point is buy a bike. Think about it, you would get healthier and you would save the planet. I know this isn’t always possible for everyone or even realistic, heck I don’t even think I could do it. We all need our cars, going to the store, picking up the kids and just simple day to day things. One big thing you could do to save on gas is – slow down. Slowing down on the highway could save you a lot in gas. I once read that slowing down could save you around 30% on your fuel costs. Try it, you to will save.

Oil prices drop below $113 a barrel.

Oil prices dropped more than $2 a barrel early Friday in light trading.  Well this stay down? – I think not!  Light, sweet crude for May delivery was down $2.06 to $112.80 a barrel.  It appears that these prices could have been supported by the U.S. Energy Department report on inventories.  The report had showed that the gasoline supplies fell 5.5 million barrels last week.  This was much more than what anyone had expected.

Merrill Lynch & Co., stated on Thursday it would cut 4,000 jobs all because of a $6 billion write-downs.  With this huge loss it’s put them in for a loss for the first quarter.  The shares fell 74 cents to $44.15 in pre-market trading to $44.89.  It appears that thier results missed everyone’s projections.  This will but them at about a loss of $1.99 per share, according to a poll by Thomson Financial.  The stock is will down and out from where it was a year ago.  CEO John Thain also warned that things were unlikely to improve within the 2 quarters.