Oh well,
It's already been two weeks for the ridiculous gas price. The news said that the price would lower down again to around $2.70 per gallon after the oil company fixed those tower in Gulf of Mexico. The reason for the jump in price was all blame to Katrina.
Still, it wouldn't make any sense to me that the oil company using this opportunity from the disaster to increase the gas price.
However, Forbes magazine predicted that, we might reach $100per barrell of gas price at the end of this year. And now, at $3/gallon, we're just at the price of $70/barrell.
So we might see a drop in gas price just for now, and the price would go up again, and eventually it will reach around $5/gallon.
Are you guys ready for this?