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It is amazing and a jaw dropping thing to hear when you say the price of petroleum has crossed the 96 dollar mark per barrel. What's going on? There's something wrong in the management in the the biggest oil producer in the world America. The price of gold has still be hiking along with the crude oil and the value of dollar is still declining in the international monetary market and there are no such signs of recovery for the dollar to regain its previous value. The demand of the petroleum in the world doesn't decrease as the demand only increases. The production has not been halted either and why is it increasing day by day? The oil dealing corporates are probably piling up their stock of barrels of petrol as there is a rumor that America is running out of fuel. But the price hike in petrol has jerked the whole economy of the world.