Gas Prices are Going Lower

- March 3rd, 2011

CNN Money announces that if the growing Middle East unrest spreads to Saudi Arabia or another big oil producer, gas prices will surge to new highs and even surpass $5 a gallon.

CNN Money announces that if the growing Middle East unrest spreads to Saudi Arabia or another big oil producer, gas prices will surge to new highs and even surpass $5 a gallon.

The market news is quoted as saying:

So long as oil supplies from the Persian Gulf remain relatively undisrupted — and most analysts think they will — there’s a strong case that gas prices could fall 25 to 75 cents a gallon from their current perch of $3.43.

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