Real Effect: Crude Prices Increasing Again, Does This Equate to a Gasoline Cost Increase

Wednesday, June 15, 2005

Crude Prices Increasing Again, Does This Equate to a Gasoline Cost Increase

The splash on this morning's Drudge Report stated that -

U.S. July light sweet crude rose 54 cents to $55.54.

This combined with the information released from this year's Bilderberger meeting stating from multiple sources (Henry Kissinger being one) that crude would at least double perhaps triple over the next year.

Does this equate to a surge at the pump in the coming months? Are we looking at $4.50 per gallon?

UPDATE: 6/16/05 - Prices climb another $1.

UPDATE: 6/17/05 - $58 a barrel. (My suggestions? By a hybrid car and ditch that SUV if you can.)

UPDATE: 6/18/05 - A new record, $58.60

Note: Edited for appearance and labels only on 2/25/06, 3/1/2010, 1/18/23. Spelling on 12/8/2010.

1 comment:

Eric W. said...: Small Update:
http://news.yahoo.com/s/ap/20050616/ap_on_bi_ge/oil_prices_33
Prices climb another $1.; 3:17 PM, June 16, 2005

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