Archive for July, 2006

Oil keeps going up, up , up. . .

As oil prices keep rising, so will gas prices.

Oil prices peaked at $78.40/barrel today on fears that a Middle East conflict is brewing that could disrupt the oil supply in that region. The price did go down to $77.03 by the end of trading, which is a new record – beating last Thursday’s record by $.33.

The nationwide average of gasoline is $2.96 in the U.S. and is likely to continue climbing.

Time to get out that bicycle I think.

Posted: July 14th, 2006
at 10:36pm by Fuel Saver

Categories: Gas Prices

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