Gas prices have risen to $3.53 a gallon and could peak at a record-setting price of $4.25 a gallon in April, predicts the Oil Price Information Service. "I guess we're going to have to drive less, consolidate all our errands into one trip," said W. Howard Coudle, a retired machinist in Missouri. "It's just oppressive."
Retail gas prices set new records Friday on their seemingly relentless march toward $3.50 a gallon, and diesel prices pushed further above $4 a gallon. Crude futures, meanwhile, surged to a new record over $116 a barrel. The price o... Read Post
So the most recent peak price of oil was $110 a barrel with a peak national average price for gasoline at the pump right at $4.00 per gallon. The price of oil recently dropped below $80/barrel and has been trading this past week in ... Read Post