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Angstrom Microsystems (ANGS.OB)

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Angstrom Technologies(tm) provides rendering solutions for Blue Sky Studios(tm) hit animation feature film "Horton Hears a Who"(tm) Animator render farm powered by Angstrom(tm) blade solutions driven by AMD Opteron(tm) processors
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CNBC RSS - Gas and oil prices hit record highs

Crude oil prices rise slightly to a new settlement record

updated 3:59 p.m. ET, Thurs., May. 8, 2008

NEW YORK - Gasoline and crude oil jumped to new records Thursday, with gas rising 3 cents to an average national price of nearly $3.65 a gallon and oil crossing $124 a barrel for the first time.

At the pump, the average price of a gallon of regular gas nationwide rose 2.7 cents to a record $3.645, according to a survey of stations by AAA and the Oil Price Information Service. Diesel prices also rose, adding 0.9 cent to match a record national average of $4.251 a gallon.

Gas prices tend to lag oil futures, and with crude rising to a new record near $124 a barrel Wednesday and likely headed higher, it’s widely expected the average price of gas will soon rise as high as $4. Motorists in many areas, including parts of California and Hawaii, are already paying that much, or more.

Market Rally Signals Stocks Looking Past Recession

“We're of the opinion that the market has likely seen the worst,” says Standard & Poor’s Chief Investment Strategist Sam Stovall. He's not alone.

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