We are on the brink of breaking the psychologically important barrier of $100 for a barrel of oil.
At the beginning of the year few would have imagined that prices could have accelerated with such speed - in January the cost per barrel was only $62. 2007 has been an extraordinary year. In future we may look back at it as a turning point for how we use energy and how we think about it.
Some commentators on the local level regard this escalation in fuel price as being the final nail for the coffin of the local mushroom industry.
To be sure if there is no relief in the fuel inflation the consequences for businesses and consumers throughout the island will be hard felt.
One old timer, who has been delivering fuel this past 35 years to farms and yards around the country, gave some comparative figures recently on pricing.
35 years ago a 500 gallon delivery of red diesel was costing 30 pounds and 15 shillings. Nowadays the same 500 gallon delivery costs GBP 1100.
