Thursday, October 16, 2008

Kiss low gas prices goodbye by weekend

Reuters reports that OPEC nations have called for an emergency meeting to stem the decline in oil prices. That means we can kiss gas prices below $4 a gallon goodbye by Thanksgiving.

T. Boone Pickens has predicted that a barrel of oil will be back at $150 a barrel of oil by next year. OPEC nations will take a big step toward making that prediction come true with a meeting next week.

These nations, whose people are suffering because oil prices have declined, will severely reduce producton to boost per barrel prices. That means gas stations will immediately start raising their prices in recognition of this action before OPEC even meets.

So fill up your tanks tonight for the best price and tomorrow morning for the best price you'll ever get for the next 12 months -- at least.


Our changing world just got more difficult to predict, and you're the one paying the heaviest cost.

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