Look out… here comes $1 trillion. Arab investors are planning on increasing their assets by over $1.7 trillion over the next four years. And an astonishing amount of that is going to end up on our doorstep.

Pump prices have hit a second year high at $3.32 a gallon.

The price of a gallon of gas, which according to a recent New York Times/CBS News poll caused Americans most concern when it came to the economy, has risen five cents since March 21.

Higher prices at the pump are due to the rising cost of crude oil and ethanol, according to the Lundberg Survey quoted on CNNMoney.

And one final thoughtful note… from Joel Bowman, reporting from the Persian Gulf, on what happens to all those fat profits made by oil exporters… and how costs always rise to fill the space available to them… and why whenever a nation discovers that it has an unearned advantage, it quickly finds a way to disadvantage itself