$70.46 per barrel; $2.55 per gallon
Three weeks ago, oil futures hit a new high of $62.74, while regular gasoline futures hit a new high of $1.84 per gallon. The retail price on August 8 was $2.54 per gallon--70 cents over the futures price. Where do you think the retail price will be tomorrow? $3.25 is my guess. Rick says $5 a gallon by Christmas.