This is troubling, not because it is unexpected but more due to the fact that many have predicted it and watched as their dire predictions came true. From CNN Money:1
With oil prices setting records over $90 a barrel – and $100 looking ever more likely – experts say there’s a good chance drivers will see $3 gasoline before the end of the year.
“Three dollar gasoline in this market is unavoidable,” said Stephen Schork, publisher of the industry newsletter the Schork Report. “At this rate, we’re going to see $4 a gallon.”
If you think that’s bad, make the jump and read more…