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Oh great. How high will oil prices go?
Probably not higher than historic peaks.
Expect to see gas prices go up too, but not pass $6/gal unless shit gets real bad.
https://www.macrotrends.net/1369/crude-oil-price-history-chart
Oil peaked at $147.27 in 2008, it will almost certainly go higher than that.
Hey, by the way, did something else happen in 2008? I forget! 🤔
Are you talking about the major hurricane that messed up a bunch of refinery capacity, or the housing bubble popping?
Lehman Brothers went bankrupt 2 months after oil hit that record high. Something to think about.
Oooh boy
