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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (394554)	6/27/2008 2:23:10 PM
From: tejek	Read Replies (1) of 1577260

Analyst Predicts $7 Gas by 2010 CBS News Posted: 2008-06-27 11:34:03 (June 27) -- A new energy report predicts $200-a-barrel oil in as short a time as two years. If that happens, gas would likely go up to $7 a gallon - and that would have an enormous impact on the way Americans live. Mitchell Igelko in Miami complains rising gas prices are threatening his 20-year-old landscaping business. His two biggest trucks sit idle - he can't afford to fill them up. Right now, Igelko's business averages $30,000 a month in gas - at $7 a gallon, that would jump to about $50,000 a month, CBS News correspondent Priya David reports. "I think at that time, I'm gonna put a sign 'gone fishing,'" he said. Economist Jeff Rubin predicts the $7 mark will arrive by the year 2010.

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