Currently sitting at more than $100 per barrel and many experts are predicting they could top $200 hundred per barrel by years. This could spark a rise in gas prices that could have us paying five or six dollars per gallon by years end. Think that will put a crimp in many already tight household financial budgets?
The real scary thing here is all this is taking place when there is currently an oversupply of oil on the market. Not a shortage. In fact the oil market so flooded well supplied that several oil producing countries are slowing down their oil production. What in the world is that all about?
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Category: Business/ Economy
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