US corporate debt accelerating $8 a gallon gas

Thirty-year Treasuries fell earlier after a report showed initial jobless claims declined more than economists had forecast in the week ended April 26, to 365,000 from 383,000 the previous week, the Labor Department said today in Washington.

U.S. 30-year Treasuries rose as yields close to the highest since February attracted investors before the government sells $6 billion of the maturity today as part of its quarterly refunding program. Treasuries also gained as traders bought back securities that had been sold as a hedge for corporate bond issues. Companies including DirecTV Group Inc. and Colgate-Palmolive Co. sold at least $12.1 billion of dollar-denominated bonds yesterday as sales of investment-grade U.S. corporate debt accelerated to a record pace.

What's going on with Oil Prices? Economists are predicting that anywhere from 6 months to 2 years time, the price per barrel will be $200!!! What does that mean for you at the pump? It could mean that you may be filling up your tank for close to $6 to $8 a gallon.