With oil priced around $104 per barrel we’re now paying $3.65 per gallon for gas. Predictions are that oil may hit $150 to $200 per barrel. If $104 crude equates to $3.65 gasoline then $150 crude may yield $5.26 per gallon gasoline. $200 crude will have us paying $7.02 at the pump. It’s a nice thought, isn’t it?
(Thanks, Herman Cain, for the reminder)