Just when everything had been quiet for a while (prices around here have been hovering in the high $1.40's for the past week or two) I hear on the news this morning that a barrel of crude is trading at a record high of $140 and OPEC announced that they expect to see $150-$170 by mid-summer.
Thanks guys, now the local filling stations will all jump up and raise their prices. It happens every time OPEN makes a statement about a possible increase... by supper everyone's added $0.10/L to whatever they were charging that morning. $5/gallon by Labour Day
isn't really a stretch.