Oil prices continue to surge to record levels, forcing gasoline costs to $3 per gallon and more in some parts of the country. Analysts at Goldman Sachs have said that oil markets have reached a “super spike” level, and some say that the price of a barrel could top $100 within the next year.
These numbers have analysts and economists making dire predictions about the effect oil prices will have on the American economy and Americans’ daily lives.
Hear a conversation about oil and gasoline prices: how high they will go, and how they will change the way you live your life.
Guests:
Vijay Vaitheeswaran, global environment and energy correspondent for The Economist magazine.;
John Kilduff, senior vice president at the energy risk management group at FIMAT.;
Michael Mandel, chief economist at BusinessWeek.;
Jack Beatty, On Point news analyst.
