Crude oil sits near $80 for the January delivery future’s contract. Gold is running higher, silver is running higher, and many of the other commodities are moving higher as well. Crude oil only needs the slightest push to get the energy sector to set new high prices for the year.
Consumers better stock up winter supplies and fill up the car on the way home. Energy costs are about to go up. All it takes is a little more improvement in the economic numbers and a continued loss in value of the US dollar. So far the stars are all aligning up for higher prices – and it may not wait until 2012.
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