Oil prices struck a record high of 109.72 dollars per barrel on Tuesday after the dollar hit a fresh all-time low against the euro and amid persistent energy supply concerns.

The good news about all this? We’ll have something to bash our kids and grandkids over the head with. “Back in my day, we had it HARD!” and we won’t even have to exaggerate.

Thank you, George! Thanks for “jawboning” your Saudi friends like you said you would back in 2000. I’m sure Dick is happy. The oil companies are drowning in profits while we groan.