CNN Money: Gas prices begin their ascent

Wed, Jan 7, 2009

News


CNN Reports:  After topping out at more than $100 a barrel in July, oil hit a four-year low of $32.40 a barrel on Dec. 19. Prices have since crept up to $47 a barrel on Monday.  Jason Toews, co-founded of GasBuddy.com, says:

Oil companies “don’t like to shock us, they like to ease us in to higher prices.”
“If prices rise too quickly, it could cause a dramatic drop in demand”, he added.

Toews is expecting gas to reach back up to $2.75 by the summer.
Have you submitted your prediction for the 3/6/9 contest yet?  You’ve got 5 more days!

2 Responses to “CNN Money: Gas prices begin their ascent”

  1. Anonymous Says:

    Lol nice pic! That man is not gonna be me though! I just found this today petrofix.com. I won’t be “easing in” to higher prices…

    Reply

  2. Steve Says:

    Grrr.. Spam…
    To delete or not delete, that is the question. Hrm… My coffee was good this morning, so I’ll let this one slide.

    Reply

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