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Oil prices continue to rise as Saudis target $80 per barrel, could climb from there
As summertime approaches, so do rising fuel prices. This time around, the price hikes are tied to rising world oil prices. When gas prices dropped from peaks of over $4 per gallon last summer to under $2 at the end of the year, world-wide demand reductions resulting from the financial collapse were to blame. Oil traders now seem to think that the economy will be recovering in the coming months, and have been bidding up prices in recent months. This week prices have $63 per barrel and Saudi Arabian Oil Minister Ali al-Naimi thinks the economy ... Read more →
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Oil prices continue to rise as Saudis target $80 per barrel, could climb from there 6 months ago on Autoblog Green
As summertime approaches, so do rising fuel prices. This time around, the price hikes are tied to rising world oil prices. When gas prices dropped from peaks of over $4 per gallon last summer to under $2 at the end of the year, world-wide demand reductions resulting from the financial collapse were ...
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