Energy Department Says $4 Gas Here To Stay Through Next Year

Hope you’re getting along OK with $4 gas because the energy department says its here to stay.

Caruso told a House hearing in Washington on Wednesday that crude oil prices are likely to average $126 a barrel next year, $4 higher than this year. He said gasoline prices are expected to peak at $4.15 a gallon in August, but won’t go down much.

Can you sustain yourself on $4 gas? Time to sell the SUV?

Energy Dept. says oil, gas prices to stay high [MSNBC]

(Photo: Jb0 )

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