Whew! Price of crude oil hits $88.20

The latest news from Turkey is that the country might go to war with Kurdish separatist guerrillas in Northern Iraq. That makes you nervous? Well, it certainly made the market nervous and so we just saw the market's blood pressure jump up to $88.20 for the price of crude oil today, a new all-time high (not adjusted for inflation). What does this mean for gas prices at the pump? Dust off your bike!

[Source: CNBC, MarketWatch]