Just How High Will Oil Prices Go

By: Teni Sow | Senior Editor at Tambapress.com and Regular Contributor to Presspresser.com

Will they continue to rise is really not the question. Just how high will they go is the question.

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?

Related posts:

1. Oil prices jump past $108 a barrel
2. January home prices fall for 7th straight month: S&P
3. Late Easter, gas prices hit U.S. store sales
4. Advanced Classes in High School May Be Advanced in Name Only

Tags: oil prices, oil producing countries, rise in gas prices, tight household financial budgets

Category: Business/ Economy