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$5 gas? Unlikely, but not impossible

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AAA says crude oil prices would have to soar to a record high of $168 per barrel.

Gasoline prices have shot up about 12 cents a gallon in recent days in Virginia, raising fears that pump prices will continue to escalate in the wake of ongoing turmoil in Libya and North Africa.
Political unrest in that region is unnerving traders in future markets across the globe, causing the trading floor to roil.
Leap-frogging another $14 since last Friday, crude oil futures reached about $100 a barrel in trading Wednesday on the New York Mercantile Exchange.


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The Gazette | circulation@galaxgazette.com | 276-236-5178 ex 204
P.O. Box 68, 108 West Stuart Drive, Galax, VA 24333
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