$93 Oil: Coming to a Gas Pump Near You

Sky-high crude oil prices haven't affected gasoline costsbut analysts say that's about to change

Oil prices can't seem to find a ceiling. On Oct. 29, light sweet crude—fueled by inclement weather in the Gulf that prompted Mexican authorities to shut off 20% of the country's daily crude production—rose 1.8% to settle at $93.53. The rise marked yet another record high for a barrel of West Texas Intermediate crude on the New York Mercantile Exchange. Since January, oil has surged 54%.

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