Well it is offical, OPEC will be cutting production by at least a million barrels a day starting this week. Expect the prices to go through the roof for a gallon of gas by the end of the week.
Some forcast $2.25 or more for regular UL and well over $2.50 a gallon for Super by the beginning of summer months. (June)
This is going to hurt our economic recovery and further deepen the depths of despair for those who have already lost everything do to this economy.
This does not boad well for our pocket books.