$100 a Barrel

I found this over on Digg. It finally happened. I had predicted $100 barrels by the end of 2007 during January of 2007. Looks like I missed it by a couple of days. I am driving a flex fuel Taurus, and at my little home town gas station, E85 (85% ethanol fuel) is currently $2.35 per gallon, while regular and super (10% Ethanol) are around $3+. I am guessing that this will drive the per gallon price of gas toward $4, with peak demand pushing it past later this spring/summer, while E85 will (hopefully) stay under $3.

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