Posts from July 2, 2009
Thoughts on the changing economy
Oil has continued its ascent from the low $30s and is now back up around $70 per barrel. Gasoline prices have followed and some pundits are beginning to draw analogies to last summer when oil peaked at almost $150 per barrel. Before the summer is over, oil prices will likely have risen to the $80 per barrel range, and gasoline prices will probably average $3 at the pump.
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