Tuesday, November 13, 2007

Pains at the pump. Gas prices set to rise yet again

The US Energy Information Administration is warning the US public to prepare to see yet another increase at the pumps. We should expect to see an increase of 20 cents per gallon starting in the next couple of weeks.
The immeiate hit will be felt during Thanksgiving travels and should continue through the holiday season. OPEC will meet after the new year, and hopefully an increase in production is on the slate to be discussed.
Source: Reuters