Earlier this week I filled my gas tank at a cost of $4.65 per gallon, up $0.25 from the last fill-up. That’s the way it is in Redlands, California, and it got me to wondering how high prices might go. That, of course, depends mostly upon crude oil prices. Let’s look at WTIC (West Texas Intermediate Crude). From the pandemic low of 6.50/bbl it has advanced to 85.00/bbl, so it is certainly moving higher at a rapid pace; however, this time frame is too short to project future upside potential.
