Flying Illini
Hit me Peter!
- Joined
- Mar 9, 2003
- Posts
- 2,291
This is from the first article:
That's the scary part. $12 at that time increased prices significantly...it would seem that we will be lucky if the price only increases by $12.
$67 a barrel plus (at least) $12 =$79 a barrel. And I believe that this is a best-case scenario.
Go fill your tanks...and lawnmowers...and whatever else will hold a gallon of gas.
With Natural Gas prices rising, it looks to be an expensive winter as well.
The full extent of the damage wasn't known for days and the Gulf lost nearly 30 percent of production capacity for well over a month, which drove prices for oil up $12 a barrel within a few weeks. Prices for both oil and natural gas surged upward and stayed high for months.
That's the scary part. $12 at that time increased prices significantly...it would seem that we will be lucky if the price only increases by $12.
$67 a barrel plus (at least) $12 =$79 a barrel. And I believe that this is a best-case scenario.
Go fill your tanks...and lawnmowers...and whatever else will hold a gallon of gas.
With Natural Gas prices rising, it looks to be an expensive winter as well.