(CNN) – With oil prices spiking to $107 a barrel, a level not seen since last September, get ready for gas prices to head higher.

The price of oil is a big component, 67%, of what makes up the price at the pump.

So how much more could you be paying?
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(CNN) - Moments before the final closing bell of 2013 at the New York Stock Exchange, the DOW squeezed in yet another record high. This year, unlike many in recent memory, is one that Wall Street may be reluctant to let go, because the market kept setting and breaking records throughout 2013.

In all, the DOW closed at a new high 52 times.

CNN's Alison Kosik reports.