Tuesday, October 16, 2007

Oil Closes In On $87 Dollars A Barrel

Oil is at another record high today, closing in at $87 a barrel. This is certain to put severe strains on working families and fuel record prices to heat homes this Winter. It is already sure that oil heated homes will cost hundreds of dollars more to heat this year. The average oil heated home may cost up to $1,700 for smaller homes to heat, and $300 a month for larger homes.

Many families will be forced with the difficult choice of paying the mortgage or heating their homes this year, and these record oil prices will only worsen the national foreclosure crisis in the coming months.


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