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<p>[QUOTE=&quot;bama guy, post: 375109, member: 6154&quot;]weaker dollar and inflationary pressures lead by the rapid increases in oil.&nbsp;&nbsp; A little insert I read today </p><p><br /></p><p>&quot;industry observers in recent days have also pointed to especially strong demand for diesel in China, where power plants in some areas are running desperately short of coal and certain earthquake-hit regions are relying on generators for power. The country also seems to be ramping up diesel imports ahead of the Olympics, analysts say, driving up prices.</p><p><br /></p><p>&quot;They appear to stockpiling,&quot; Ritterbusch said.</p><p><br /></p><p>Crude&#039;s latest surge comes after OPEC&#039;s president was quoted as saying the cartel won&#039;t increase its output before its next meeting in September, adding to lingering worries about global supply.</p><p><br /></p><p>The contract reached a new closing high of $127.05 Monday after Algerian Energy Minister Chakib Khelil, the current president of the Organization of Petroleum Exporting Countries, was quoted by a government newspaper as saying OPEC won&#039;t increase its output during the U.S. summer driving season, which begins this weekend. OPEC&#039;s next meeting is scheduled for Sept. 9.&quot;[/QUOTE]</p><p><br /></p>

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