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Commodities Briefing - Categorized | Oil, Price Watch more

$100 oil is coming, and this time we’re ready

Posted on 31 December 2010

From Reuters: Nearly three years ago, on the first business day of 2008, the price of oil rose above the symbolic mark of $100 a barrel. Later in the year, the price spiked to $147 a barrel, with gas prices surpassing $4 a gallon.
That event dramatically shifted consumers toward hybrids and other fuel-efficient cars. The possibility that gas could return to $4 a gallon continues to linger in the minds of car buyers……………………………………….Full Article: Source


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