The Return of Restaurant Pain
Several weeks ago I commented on how much higher gas prices were at the start of 2012 vs. last year, as well as what the prospects were for peak gas prices for the coming summer. Over the holiday weekend, Iran cut exports to Britain and France, which vaulted U.S. crude for April delivery nearly 2% to $105.08 per barrel, a nine-month high.
This has reignited concerns over gas prices, which are already 12% higher than year-ago levels, according to the AAA . Many a TV pundit dished on prospects for $4-per-barrel gas while the U.S. stock market was closed Monday, with some predicting $5 gas by the summer. That's when gas is set to switch over to more costly blends that cause less smog -- and consumers also tend to drive more in the summer than they do in winter months....536 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
Already a Subscriber? Please login to read the full article.
Not a Subscriber> Read the remainder of this article and take advantage of the full breadth of Real Money Pro coverage.
