Global Gas Prices | Hybrid Sales
Hybrid SUV Blog
FEBRUARY 15, 2010
Expert predictions about where oil and gas prices are headed vary widely. In July of 2008, oil futures hit their record high of more than $145 per barrel and several areas of the country neared $5/gal. While many others agreed (including executives at several auto makers) it is unlikely that higher taxes would be a popular approach to reducing our dependence on oil. A litre of petrol in many European countries is currently the equivalent of $7 per gallon gas (U.S).