$200 Oil is Coming. Get Ready to Pay $7 per Gallon at the Pump.

A month ago, anyone predicting $200-a-barrel oil would have been dismissed as alarmist. Not anymore. Today, Brent Crude is trading around $102–$108 per barrel, after touching highs near $119–$120, according to Reuters. At that price: When oil prices reach $200 per barrel, analysts predict U.S. gasoline prices will surge to $6 to $7 per gallon in Arizona … Read more