7 Reasons $5 Gallon Gas May Be On The Way
Jeff Reeves, editor InvestorPlace.com, cites seven compelling reasons why $5 a gallon gas may indeed be on the way in the not too distant future. If he's right, the impact on the economy may be yet another oil price shock.
$5 Gas Prices Coming to a Pump Near You
7 reasons gasoline is on the rise
Crude oil prices are rising steadily, up about +22% since a may “low” of around $77 a barrel, and gasoline prices have jumped in lockstep. As a result, energy stock picks seem to be on everyone’s radar right now. There are a lot of reasons behind an increase in crude oil prices per barrel as well as gas costs at the pump, however one thing appears certain - the $2 gas we saw at the beginning of 2009 is a distant memory, and the $3 gas of today is here to stay.
As much as it will pain commuters to hear it, it’s very likely the days of $4 gasoline prices and even $5 gas lie ahead. A look at expert forecasts and recent news about crude oil prices indicate the recent run-up in prices is not a short-lived phenomenon.
Here are seven reasons to expect expensive gas for the rest of 2011:
http://www.investorplace.com/27935/5-dollar-gas-prices-crude-oil-gasoline/
$5 Gas Prices Coming to a Pump Near You
7 reasons gasoline is on the rise
Crude oil prices are rising steadily, up about +22% since a may “low” of around $77 a barrel, and gasoline prices have jumped in lockstep. As a result, energy stock picks seem to be on everyone’s radar right now. There are a lot of reasons behind an increase in crude oil prices per barrel as well as gas costs at the pump, however one thing appears certain - the $2 gas we saw at the beginning of 2009 is a distant memory, and the $3 gas of today is here to stay.
As much as it will pain commuters to hear it, it’s very likely the days of $4 gasoline prices and even $5 gas lie ahead. A look at expert forecasts and recent news about crude oil prices indicate the recent run-up in prices is not a short-lived phenomenon.
Here are seven reasons to expect expensive gas for the rest of 2011:
http://www.investorplace.com/27935/5-dollar-gas-prices-crude-oil-gasoline/