Reply #59: Experts: $4 a gallon gas coming soon [View All]

[RawMaterials]

"There's no question gas will hit $4 a gallon," Ben Brockwell, director of pricing at the Oil Price Information Service, said. "The question is how high will it go and how long will it last?"

OPIS tracks wholesale and retail oil prices and provides pricing information for AAA's daily reports on fuel prices.

Brockwell said with gasoline prices now exceeding $3 a gallon before even reaching the wholesale level, it "doesn't take a genius" to expect retail prices to hit $4 a gallon soon.

"Consumers haven't seen the worst of it yet," Brockwell said.





http://money.cnn.com/2005/08/31/news/gas_prices/index.htm

The recession was coming anyway now the public has a "event" to remember and blame instead of the poor fiscal planing by the current administration.