My first prediction is that gasoline here in the area--the midwest, overall--will hit at least $4.00 per gallon this Summer--likely go a bit higher than that--and stay there most of the 3 months. It will stay there all Summer unless, that is, the economy really grinds to a halt because of it. Then it will come back just under 4 bucks a gallon.
My second prediction is that Exxon Mobil and all the oil companies will once again make all time, record-breaking profits, even for themselves, surpassing the last time this happened which were, at that time, record-breaking profits.
Final prediction---like the idiots we are, we STILL won't take away the tax breaks Congress gave them so long ago.
We really aren't that bright, collectively, are we?
Links: Boehner rejects Dems' request for vote to end subsidies for Big Oil
Exxon Mobil profit soars along with gas prices
Oil edges higher; natural gas rallies nearly 4%
Rising Gas Prices: Obama Re-Tries Cutting Oil Subsidies; Kucinich ...
Gas Prices Increase to $3.88
Gas Price Spikes
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