Gas Prices At Two-Year High

Energy stocks have been doing very well lately as oil prices gradually climb higher. Thanks to the political unrest in Egypt, oil is currently around $91 per barrel which is just below a two-year high.

There had been some concern that oil flows through the Suez Canal would be disrupted but it appears that that ain’t gonna happen.

The problem with higher prices at the pump is that they act like an across-the-board tax increase on consumers.

The folks at GasBuddy track prices at the pump and we can see that the actual price paid has nearly doubled in the last two years.

Posted by on February 2nd, 2011 at 11:34 am


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