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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Saturday, July 15, 2006

Gas Prices

With oil reaching new heights each day it is quite possible we will have $100 a barrel oil soon. That is no joke and many industry leaders would tell you the same. With the problems in the Lebanon escalating and Iran’s connections to Hezbollah the world is waiting for the other shoe to drop because many say Israel is going to far in their attacks and the U.S. is not stopping Israel.

If Iran gets involved in this conflict their large oil reserves will have an even more important strategic significance and if they chose oil prices could skyrocket. Right now this is speculation, but if this issue is not solved quickly we will be paying $4 for a gallon of gas.

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