January 21, 2011

$4 Per Gallon Gas

From Consumerist:
With the economy kinda sorta picking up, and consumers in China, India and Brazil buying cars in droves, gas prices are expected to keep going up, and may hit $4 a gallon by early spring, when Americans finish scraping the ice off of their windshields and begin planning road trips. And unlike 2008, when gas last broke the $4 barrier, only to later drop to lower prices, $4 may be a new baseline, followed by $5 gas as early as next year.
I knew this was coming, just a matter of time until economic growth returned and gasoline usage spiked. Makes those fuel-sippers look pretty good again, huh?

Hit the link for further CNBC analysis.

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