Oil is up again, almost hit $128 a barrel.

And buy they did Friday. The price for a barrel of benchmark light, sweet crude for June delivery jumped $2.17 to settle at record close of $126.29 on the New York Mercantile Exchange. Earlier in the session, prices surged to $127.82 a barrel, also a new high.

It was the eighth time in the past 10 sessions traders rewrote the record books, and the first time prices topped $127 a barrel.

That means gasoline is now an average $3.787 a gallon for regular. One of my friends has a diesel car, her cost to fill up the tank, $4.482 a gallon. The pain at the pump just keeps getting worse with no end in sight. Memorial Day weekend is almost upon us so expect worse sooner.