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Oil is now cheaper than the barrel it comes in

Crude trades for around $30 a barrel, but an oil drum will set you back about $99 each.

Barron's says oil likely to hit $150 a barrel next spring, gas $4.50 a gallon

In early May of 2011, the national average price of gasoline in the United States hit exactly $4 a gallon before falling to the current level of $3.56. However, if predictions from Barron's hold

DOE: Oil will average $99/barrel by end of 2012; gas $3.29 per gallon

According to the DOE's Energy Information Administration (EIA), crude oil prices are expected to steadily increase over the next two years, hitting $99 per barrel by the end of 2012. Tightening of world oil markets, along with a growth in consumption, will continue to drive oil prices up from the recorded average of $89 a barrel in December 2010 to an estimated $93 per barrel for 2011.

DOE: Oil will average $99/barrel by end of 2012; gas $3.29 per gallon

According to the DOE's Energy Information Administration (EIA), crude oil prices are expected to steadily increase over the next two years, hitting $99 per barrel by the end of 2012. Tightening of world oil markets, along with a growth in consumption, will continue to drive oil prices up from the recorded average of $89 a barrel in December 2010 to an estimated $93 per barrel for 2011.

REPORT: Thieves make off with $2 million worth of oil and gas in Texas

How many barrels of oil do you think you could steal in a month, y'know, if you were into that sort of thing? Ten people in West Texas have been arrested recently for stealing about $2 million worth of oil and gas condensate, and a local sheriff said that the thieves were able to steal 8,000 barrels of oil during a single month. That's good for a lot of trips to the grocery store.