Crude oil futures continue to advance upon news from Norway of all places. It would appear the Norwegian Oil Industry Association and the union are mediating wages and driving prices higher with crude prices hitting a nominal all-time high of $59.70.
The Real Effect
Gasoline prices begin to creep upwards for the summer. I believe it would be reasonable to anticipate $2.50 gas within 3 months.
Edited for appearance and typo on 3/1/2010.
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