On Tues crude oil prices passed $90 a barrel to the highest level seen since before President Obama was elected. Oil costs, also as gas costs, have been pushed up by a weak U.S. dollar and increasing demand for heating oil. Other factors pushing up gas and oil costs include traders looking for a hedge against the weakening dollar and a deal reached Tues to extend the Bush tax cuts, which investors think will shore up economic recovery. Post resource - Rising oil prices driven by global weather, markets and politics by Money Blog Newz.

twenty six-month high with oil costs