Gas Prices on the Rise?

The price of oil has slowly started to inch up, with pundits saying we shall soon see $100 per barrel again if the recession gives way. That certainly will mean higher gas prices. And speaking of higher gas prices, look at what the rest of the world is paying right now for gasoline:

United States: $2.72 a gallon on average
Oslo, Norway: $7.41…….. (172% higher)
Berlin, Germany: $6.82…. ( 151% higher)
London: $6.60…………….(143% higher)
Rome, Italy: $6.40…………(135% higher)
Paris, France: $6.04………..(122% higher)
Tokyo, Japan: $5.40……….(98% higher)
Toronto, Canada: $3.81……(40% higher)

The new hybrid and electric cars may hold things down in the future, but for now you probably should prepare for more gas price increases if oil keeps rising. If oil increases, many hedge funds will be investing in a double leveraged oil and gas ETF — DIG.