$92 Oil

Posted By: Dr. Frugal in Economics on 10/26/2007 at 05:12:15

Holy crap. Oil hit $92 dollars yesterday. I had said in a previous post that I would, or something along these lines, eat my shirt if oil hit $100 this year. Uh oh. I think when I said that it had just broken $80. I guess it really is looking like it's going to hit $100. We were estimating what our gas prices would be if that happened and the popular belief is that it will be between $5.40 - $5.75. I realize that's a pretty wide margin as far as gas prices go but considering they're $2.65 now, that would really put a damper on my Christmas trip.

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