09 June 2008

First Thing In the Morning

News for your Monday morning...

-At least 12 people have been killed by two explosions at a train station east of Algeria's capital. A group calling itself al-Qaeda in Islamic North Africa is claiming responsibility.

-The energy ministers of the world's leading industrialized nations have met in Japan amid fears soaring oil prices could damage the global economy. The Group of Eight (G8) organization met two days after a record one-day jump in crude oil to $139 a barrel.

-While those high oil prices have caused fuel prices in major cities like San Francisco and Seattle to skyrocket well above $4.00 a gallon over the last several months, this past weekend saw the national average surge past the $4 mark.