Get ready: Gas prices expected to jump 20 cents

With oil prices running amok of late, you kind of had to know this was coming. The US Energy Information Administration reports that consumers should prepare to see prices at the pump increase by another 20 cents or so in the coming weeks. Thanksgiving travelers should expect feel the pain immediately with jacked-up prices greeting them during the road trip to Grandma's. High gasoline prices should continue beyond the holiday, and if things go as projected, we can expect to see the a new record high set for gasoline in the immediate future. As for OPEC, the member states will meet in December to figure out what's on their agendas, and they haven't given the feds any clues. If they don't increase production, the price of crude will remain elevated and result in high fuel prices again this spring. The fun never ends.
[Source: Reuters]

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