The U.S. government’s Energy Information Administration claims they’ll be the same at the end of September as they are now.
Yeah, right. If you believe that, I have CO2-free Alberta tar sands to sell you.
Especially since OPEC announced today it will not increase output, it wouldn’t surprise me if oil hits $80/bbl by the peak of summer vacationing and is still over $70 at the end of September, putting national gas prices at that time at $2.60/gallon or so.
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