Crude Oil = $100

February 25, 2011 6:00am by Barry Ritholtz

A quick note on Oil futures in the US: They are showing $96 on mideastern unrest. In the Us, rising gas prices, and increasing airfares are yet another economic headwind to deal with.

I assume that the middling US economy can absorb a few weeks or even months of elevated fuel prices in its current vulnerable state, but if fuel prices remain high for ore than a few months, it spells trouble.

Prices via BarCharts and WTRG

California is already showing petrol prices over $4/g.

Previously:
The Costanza Energy Policy: 25 Ways to Drive Oil to $150 (May 29th, 2008)

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