Will Gas Price Per Gallon Drop? Oil Price per Barrel Tied Closely to Gas Pump Prices; Oil Price and Gas Price Move Higher

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dow2664 Oil and Gas Prices continue to Rise Higher and solutions are few: Oil prices rose again during the last trading session. Oil is on the rise and the average price for a gallon of gasoline continues to climb the ladder as well. The American public grows more anxious every time the pump prices move higher, which is almost daily, and economists worry that the economic recovery process in the U.S. will be sabotaged by the higher prices for oil and gasoline. Contract close review for Oil price per barrel today: Light crude oil finished the last session higher by 1.44 percent at 106.87 per barrel. Heating Oil closed the session higher by 1 percent at 3.22 per gallon. Unleaded Gas closed the last session of the week higher by 1.3 percent at 3.37 per gallon. Some suggest that we need to drill more to pull more of our own natural resources from our U.S. lands. There are obviously a fair share of people against drilling more, primarily for environmental reasons. Many despise the idea of fracking to pull out the deposits. The argument against fracking pertains to water table contamination. Regardless of where you fall on this argument, the price of gas is closely tied to the price of oil. Since we depend on outside oil, prices at the pump will continue to be pushed by outside influences. Camillo Zucari