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Comin’ this summer… $5 gas
By PAUL THARP
Last Updated: 7:10 AM, May 29, 2011
Posted: 10:34 PM, May 28, 2011
The forecast for the summer driving season: Hit the road early. Not to beat the traffic, but to beat the higher gas prices expected in mid-July.
Goldman Sachs’ crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a gallon in New York just like the summer of 2008 that preceded the recession.
