Oil hit a new high of $111 a barrel yesterday, and gold traded above the psychologically significant level of $1,000 an ounce for the first time, as investors swapped weakening dollars for commodities. (MarketWatch) The high price of oil has started trickling down more, and drivers in Maui are facing an average price of $3.93 a gallon, with some places on the island charging $4.20. (AP in Yahoo! Finance)
The bottom line
March 14, 2008
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