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Saturday, January 01, 2011

$4/Gallon Gasoline By Summer?

The so-called "economic rebound" we are hearing about in mainstream media has apparently caused traders on the NYMEX to soil themselves and the price of oil is more than likely going to hit $100/bbl this year.  Of course, not many people are talking about it just yet. 

But you'll be hearing a lot more as the new Congress sits down to figure out just what in the hell is going on in this country.

Meanwhile, natural gas equivalent is about $1.40/gallon.

In an AP story, it looks like just about everything is about to get more expensive.

Read the whole story here.