Are summer gas prices gonna hamper your upgrade plans this summer?

[Onefast99gsx]

Just read this off my CNN news alerts: Not sure if some of you even keep track of oil price per barrel but for example: Oil is above $53.00/ barrel currently. It hit over $55 today once. Our price for 87octane here in central Wisconsin just went up to $2.07. 92 octane is around $2.20. If there was a disruption in oil and it did go up to $80/barrel, we'd be lucky if it were $3.00/ gall. I'm sure it will be beyond that, around $3.50/ gall. This is pretty serious.


From CNN----


$80 near?

Members of the Organization of the Petroleum Exporting Countries now appear confident that crude oil will trade at $40 to $50 a barrel this year. Talk in OPEC of even higher prices could stir fresh speculative buying.

OPEC's acting Secretary-General said Thursday that crude could spike as high as $80 a barrel during the next two years, should there be a major supply disruption.

"I can stress that the probability that the price of a barrel of crude rises to $80 in the near future is a low probability," said Adnan Shihab-Eldin in Kuwaiti newspaper al-Qabas. "However, I can't rule out the rise of a barrel of oil to $80 in the coming two years."