Oil and Gas Prices Hit New Record Highs
Thursday, May 8th, 2008The average national gas prices have cleared the $3.64 a gallon mark and continue to look higher. Gas prices usually follow oil prices and oil hit a record $124 a barrel. Analysts expect the national gas average to hit $4.00 a gallon later this summer as their looks to be no relief from this in sight. Bullish momentum and the weakening US dollar look to continue the push towards even higher record oil prices.
