Wednesday, April 6, 2011
High grade crude for gulf delivery hit the highest price since the spring of 2008 this morning.
This is the raw material for gasoline, so look for another big spike at the pump over the next few months.
I think that premium gas will be at $5 by July first in many parts of the country.
If the trend towards ever higher crude does not turn around soon we are going to hit a wall before the summer is over.
Posted by Michele Kearney at 6:15 PM