Energy Prices on the Rise Again

on January 30, 2013 at 2:00 PM

Energy prices have been rising fast. But not enough to derail the economic recovery. Not yet anyway.

Over the last month, crude oil prices have risen over 4% and are approaching $100 a barrel. Analysts think they’ll soon trade in the triple digits. Gasoline futures are up even more, rising 8% over the last 30 days. At the pump, drivers are now paying 14 cents more a gallon than they were in mid December.