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Oil broke $90 dollars a barrel for the first time in two years and many are saying farewell to cheap crude oil prices. Energy commodities are trading lower though as fuels trended red across the board. As of end of day close for December 9th, 2010, oil, heating oil, natural gas and unleaded gas were all in the red. Light crude oil for January delivery was down .46% and settled the day at $88.28 per barrel. Heating oil was in the red by .38% and finished last trade at $2.46 a gallon. Natural gas was off by .90% and last trade was $4.62 per million BTUs and Unleaded gas was lower by .79% finishing off at $2.30 a gallon. One major concern right now in the current economic climate is the price of fuel for automobiles. The Labor Department just reported that the current unemployment average across America increased to 9.8%. People are not in a position to pay for an increase at the pump. Nationally though, the average price of gasoline per gallon rose by 10 cents last week to $2.96 according to the U.S. Department of Energy. The traditional trend is that price at the pump per gallon normally goes down this time of year, but that is not the current case. Author: Stephen Johnson
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