In a recent Automotive-Fleet.com market trends blog, Mike Antich writes, “The investment banks of Goldman Sachs and Morgan Stanley predict $100 per barrel or higher price for crude oil in 2011.” The last time crude reached $100-per-barrel, the pump price was between $3.25 and $3.50 per gallon. Once the price of crude went above $110, the price jumped to $3.75 - $4.10 per gallon.
Over the past few months, gas prices have been hovering around $2.50 per gallon. But they always seem to rise during the summer months.
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