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Crude oil prices are striking new records this week, soaring to $66 a barrel. Kindled with refinery problems, gasoline prices will also climb to record highs.
Oil prices are 50% higher than a year ago.
Government officials say gasoline prices have been kept "artificially low" and American's must now pay the price for gasoline, adjusted for inflation.
Hundreds of Calhoun workers who drive 100 to 150 miles each day to work, because there are few jobs in the county, are facing a major crunch.
Most experts believe that gasoline prices will stabilize at $3 a gallon.
Crude is expected to go to $70 a barrel, but there is supposed to be consolation that prices would
need to surpass $90 a barrel to exceed the inflation-adjusted peak set
in 1980.
Trucking companies are drastically raising their charges because of high fuel and insurance costs. Airlines are increasing fees, while others are facing bankruptcy.
The trickle down means that wholesale and retail prices are expected to soar in the next few months.
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