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It seems as though the Oil and Petroleum Exporting Countries, or OPEC, has finally gotten exactly what they want. The price of a barrel of oil reached six month highs the other day and now there is a looming meeting of the countries to discuss …

What do your summer plans include?

Question:
Well, summer is upon us. Yesterday was Memorial Day, the unofficial kick off of Summer 2009. Considering gas prices are on the rise and we’re still facing some pretty heavy duty unemployment numbers, what do your summer plans include?
Answer:
Personally, my …

The Energy Information Administration said that gas prices will remain in the $2 range through September, averaging $2.23 a gallon through the end of the summer.
The agency said that the monthly average will likely peak around $2.30 a gallon, much less than last year’s $3.81 …

Why are gas prices so high when the price of oil is low?
Question:
Oil was trading around the $35-$45 a barrel mark for over a month (February – March). Why was the price of gas per gallon going up without a significant jump in oil prices?
Answer:
At …

In July 2008 gas prices were at all time highs and the consumer price index was at 0.8% for the month. Since then, oil has fallen to lows it hasn’t seen in nearly 5 years and CPI has steadily decreased monthly to almost 0.2%.
In February …