Oil prices touch $80.00

$3.00 per gallon is the new norm?

Oil prices per barrel set records today, partially based on speculation. Fortunately, many believe oil prices and gasoline prices will drop as America heads out of the summer driving season. Nonetheless, oil is at $80 per barrel and global consumption continues to increase, so most believe the long term price of oil is only going to go higher, especially as the dollar falls according to reports from CNBC.

If oil prices keep increasing, it's hard to imagine that gas prices won't mostly do the same.