Economic news, and W's "Just in Time" response

Oil prices near $118 in Asia after setting record near $120
By GILLIAN WONG, Associated Press Writer
22 Apr 2008
SINGAPORE - Oil prices steadied Wednesday after climbing in the previous session to a record near $120 a barrel on the weakening U.S. dollar and concerns about unstable supply amid firm global demand.

Thank goodness W's on top of the situation:

Government to release proposed fuel economy rules
By KEN THOMAS, Associated Press Writer
Tue Apr 22, 2008
WASHINGTON - The next generation of new cars and trucks will need to meet a fleet average of 31.6 miles per gallon by 2015, the Bush administration proposed Tuesday, seeking more fuel-efficient vehicles in the face of high gasoline prices and concerns over global warming.

Whew! For a minute there I thought we were really in trouble.

Good to see W taking timely action on this issue!

Peace.