October 17, 2017

Oil Prices Jump to $116

Thursday, August 23rd, 2012 9:00 am

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Rising Gas PricesAccording to a reuters.com article published Thursday, August 23, 2012, oil prices are on the rise again with a barrel of oil being more than $116. The average consumer is feeling the price spike as gas prices at the pump have jumped to over $3.50 per gallon in many areas, some well over $4.00 per gallon.

A quote from the article:

Carsten Fritsch, energy analyst at Commerzbank in Frankfurt predicted that Brent could hit its previous 3 1/2 month high of $117 a barrel on either Thursday or Friday given the monetary stimulus hopes.

Please leave your comments below and let us know what you think about rising gas prices. Don’t forget to search for savings on auto insurance by entering your ZIP Code in the fields above to help save for rising gas prices. Thank you and have a great day!

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