RE:US oil sanctionsRight you are cyrustg! Oil will hit $150 sooner than later.
I live in the South where most of the oil industry and refineries are. Generally I am told prices are less down here than up in Yankeeland. Yet gasoline is soaring and up to $3.50 a gallon! The gas stations are always busy with folks loading up. I did some errands the other day and saw gas prices tick up like .15 a gallon from the time I drove by to back home. The 60 million gallons being released from the strategic reserves is like a few drops worth in real terms. And yet Spring Break and the Driving Season is just around the corner. Look out here comes $4.00 a gal gasoline!