Gasoline prices as measured in the daily AAA survey resumed their drive toward $4 a gallon Saturday, rising to just below the record level after a one-day retreat.
Stocks tanked Friday, with the Dow industrials shedding 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate.
Oil prices shot up nearly $11 a barrel and settled Friday at a record $138.54 - geopolitical jitters, a dollar decline and a forecast that oil would hit $150 by July 4.