Wednesday, May 03, 2006
$5 a gallon!
It isn't a matter of if, only when.
New York Daily News - World & National Report - $5 a gallon!:
"Tight petroleum supplies amid soaring demand could drive crude oil prices above $100 a barrel by this winter, energy experts warned yesterday.
That could translate into gas prices of more than $5 a gallon at the pump and spike home heating oil an additional 30%, analysts said.
Iran's deputy oil minister, Hadi Nejad Hosseinian, fueled the paranoia yesterday by predicting that crude could hit $100 a barrel by the end of the year - $26 above even yesterday's near-record price."
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