WTF!!!!!!!!!! OIL HIT $147 A BARREL

NEW YORK - Oil prices spiked to a new record above $147 a barrel Friday, as rising hostilities between the West and Iran and the potential for attacks on Nigerian oil facilities gave investors reason to rush back into the energy markets.The resurgence in crude prices not only raises the concern that $4-a-gallon gasoline is here to stay for U.S. drivers — it also means that heating American homes could get significantly more expensive this winter. Heating oil futures surged on the New York Mercantile Exchange to a record of more than $4.15 a gallon, and natural gas also rose sharply.
Light, sweet crude for August delivery jumped $4.69 to $146.34 a barrel in early trading on the Nymex, after reaching an all-time high of $147.27.

Fuel prices up in the Dominican Republic

U.S is not the only one's feeling the pain.
Santo Domingo.– The Industry and Commerce Ministry announced that fuel prices increased RD$3.00, which is more than RD$11.00 in two consecutive weeks, whereas the governmet decided not to change the price of diesel.

During the week from May 31 to June 6 a gallon of premium gasoline will cost RD$199.50 and RD$187.10 for regular.

A gallon of regular diesel remains at RD$164.80 and premium diesel still sells for RD$169.60.

The gallon of subsidized propane gas costs RD$59.95 and the non-subsidized is RD$81.71.



T4R UPDATE: The money value in DR isn't worth much. 33 DR peso is worth one US dollar. Most banks won't trade DR pesos for dollars , so they are only useful in DR.