Oil prices rise amid fears market could hit $105 mark

Oil prices climbed higher today, sticking stubbornly above the $55 a barrel mark, supported by a forecast that the market could spike as high as $105.

Goldman Sachs warned yesterday that the oil markets might have entered the early stages of a “super spike” period, which could drive prices toward $105.

I drive a Prius hybrid (46 mpg in LA), Sue has a VW bug diesel (40 mpg.). Whew.

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