Iran: Oil to Reach $150 a Barrel
Iranian oil minister Rostam Qasemi said that crude oil should be $150 a barrel on Sunday.
"During the winter, oil prices always climb,"
Qasemi said. "So it's natural that this year as well we will have a rise
in oil prices in the winter."
Brent crude benchmark prices jumped to $118 a barrel on Friday.
On the day of President Barack Obama's inauguration, gas cost $1.84 a gallon on average. Today, gas costs $3.84 a gallon.