Soaring oil prices and declining stocks

The Dow Jones ended down 227 points, falling 1.8% to 12601.19. All 30 of its components finished in the red. The two-day slide (yesterday being down nearly 200) was the Dow's worst in nearly three months. Crude oil futures surged to a fourth straight record, closing above $133 per barrel, as of the time of this post, futures for June delivery are $134+. The price being paid for Oil has increased 39% this year and is more than double its price of this time last year. The Nasdaq Composite closed down 1.8% (44 points), to 2448.27. The S&P 500 dropped 1.6%, or 22 points, to end at 1390.71. The S&P is down 5.3% on the year while the Dow is off 5%. In other trading, the dollar dropped .7%, And in the Bond Market, the benchmark 10-year note was off 8/32, yielding 3.810%.