Tuesday, April 12, 2011

$5 Per Gallon Gas Not Likely This Year

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Although speculation is still high after the Libyan crisis the price of crude oil has begun to respond to market forces and, barring some other catastrophe, $5 per gallon gasoline isn't likely this year:
Oil Price Information Service Chief Oil Analyst Tom Kloza, told CBS he thought price pressures had actually started to soften a bit.

He said the market had already made an adjustment for the Libyan conflict.