By The Special Guests Publicity Service
Oil Futures Hit Record High $120/Barrel
$10/gallon gas is edging closer to a gas pump near you.
With oil prices now above the $120/barrel and still rising, American consumers should continue to expect prices at the pump to continue rising.
Some cities are even seeing signs sporting $4 per gallon prices. If analysts are correct in predicting $200/barrel within two to three years, basic math tells us that could translate to gasoline well above $5 per gallon. One analyst, Dan Dorfman of the New York Sun, says gas could even reach $10/gallon!
Posted on May 7, 2008