Thursday, March 13, 2008

Headlines Herald Higher Oil Costs

big oil crude petroleumThe price for oil reached $110 today. Maybe someone will notice. But with more media-frenzy news like former NY governor Eliot Spitzer and the continuing Hillary vs. Obama contest, it may not even make the front page.

It's really no surprise when we read about higher oil costs that it means higher consumers costs for just about everything. But from the gas station to the food market, higher energy costs will cost us plenty.

gas gasoline cost price oilEven before this new oil price hike, gasoline prices have risen to new highs. The national average for unleaded gasoline is $3.225 a gallon.

Some predictions have gas ranging from $4 to $5 this summer.

Only time will tell.


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