Oil Prices Set New Record

Crude oil has topped $123 a barrel this week, for the first time ever.

Wednesday, May 7th 2008, 6:39 pm

By: News On 6


Some good economic news for oil producers.  But, it may mean tougher times for motorists.  Crude oil has topped $123 a barrel this week, for the first time ever.

Some analysts predict over the next two years, crude prices will top $200 a barrel.  Higher oil prices typically mean higher gas prices.

Oklahomans, on average, are paying $3.46 a gallon, that's the third lowest price nationally.

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