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Old 02-19-2008, 09:01 AM
SilverStar SilverStar is offline
Enthusiast
 
Real Name: Jason
Hybrids: 2008 Honda Civic Hybrid
Posts: 27
Default Re: $100 Barrell Oil By end of next week??!!??

Hate to say it but it looks like I was right, I filled up over the weekend. I believe the markets were closed yesterday but oil has already shot up this morning to nearly $98.50!!!! Almost $3 up!!!! For it to be this high this early in the year is not a good sign. I have friends who also watch this sort of thing and they think that $5 a gallon (premium) is not out of question by summer's end. I think more likely $4-$4.30ish but still, ouch. I feel for those who have businesses that they run with trucks etc that will be significantly affected by this but as a previous commentor pointed out there is a trickle effect, we'll all end up sharing the burden. I'm not happy gas is shooting up towards 100/barrell but I feel vindicated for getting rid of my gas guzzling v8 4x4 for the HCH2.....and now my friends who made fun of me are probably going to seriously consider trading in their Bimmer's (god forbid) for a prius or HCH or some high fuel economy vehicle.
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