Suddenly, even for people who don’t follow oil futures and Saudi production estimates, the lid seems to have blown off energy prices.
Oil is at double its price of a year ago and still soaring. Some now predict $200 dollars a barrel. Many Americans remember when it was twenty.
Gasoline is heading over the four-dollar-a-gallon mark. Some are talking six dollars a gallon.
Congress wants to know why. American families want to know how they’re going to deal with the surge.
This hour, On Point: Oil and gas prices over the moon, and where this story goes.
-Tom Ashbrook
Guests:
Chris Baltimore, oil correspondent for Reuters.
Amy Jaffe, fellow in energy studies and associate director of energy policy at the James A. Baker III Institute for Public Policy at Rice University.
Catherine Mann, professor of economics at Brandeis University.
Daniel J. Weiss, senior fellow and director of climate strategy at the Center for American Progress.
