Saturday, January 22, 2011

$4 to be the New Baseline for Gas Prices then $5 Next Year

Amplify’d from consumerist.com

With the economy kinda sorta picking up, and consumers in China, India and Brazil buying cars in droves, gas prices are expected to keep going up, and may hit $4 a gallon by early spring, when Americans finish scraping the ice off of their windshields and begin planning road trips. And unlike 2008, when gas last broke the $4 barrier, only to later drop to lower prices, $4 may be a new baseline, followed by $5 gas as early as next year.

Read more at consumerist.com

Posted via email from joepostings's posterous

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