$80 a Barrel - Just around the Corner

Nymex Crude Futures currently trading at US$78.05

Watch for further rises at the pump by mid next week if we don't see a drop soon.

This spike has been building over the last couple of weeks. I suspect we'll see the psychological $80 a barrel mark tested. Before oil settles yet another $10 a barrel higher.

Fill up the Ford Explorer today folks.

... but don't worry people - your government has told you that oil will settle back to US$25 a barrel sometime soon and for the forseeable future.