Summer of 2008 All over Again?

Most drivers probably breathed a sigh of relief when oil prices finally came down from the astronomical levels they reached during the summer of 2008, but analysts are starting to issue predictions that we could be seeing sky-high oil prices again. Oil prices are up to around $70 a barrel, signaling the potential for a situation very similar to 2008’s oil price rise.
If oil prices are going to reach the levels they reached last year, they still have a ways to go. Oil grew to $125 a barrel last summer, forcing consumers to try and save gasoline. This time, the rise …read more