Yes, expect gas to be back over $4 a gallon by the end of the year.
6 months to 2 years. That’s what I’ve been reading by the industry analysts. The Saudis think that they have a good handle on the finances used by the US exploration companies, which is essentially junk bond rates that they are paying to service their debt. They figure if they hold the price below $50 bbl then those companies will begin going bankrupt in about 6 months when their cash reserves are sucked dry. When enough of them go under, the Saudis will jack the price on us — but probably not until after the Republicans jack our federal gas tax on us.
>>>Yes, expect gas to be back over $4 a gallon by the end of the year<<<
Not to worry, it will drop like a Rock right before the next SOTU Speech by Lord Obama.