I was reading a book that mentions the possibility of a crisis resulting in oil hitting $100 a barrel in it’s plotline. Book was written in 2004. Little did the author know it would reach $126.25 on the possibility of a little confrontation. And a lot of dollar devaluation. And the need for the stuff. Oil is one hot commodity.

Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil’s recent path higher.

That’s $3.67 a gallon of regular gas here not the premium stuff. For the record, I filled up yesterday. Gas was $3.499 a gallon of regular. Still cost too much and now that we’re heading into summer driving season with triple digit heat, I’ll be staying in more and not going out all the time like I am right now.