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Just When You Thought, 'SUV!'

Oil prices are approaching a nine-month high, around $105 per barrel. That means, once that oil gets refined, it could end up as $4 a gallon gas, and a re-ignited rush to small cars and compact SUVs.

The latest surge follows the early-morning agreement to resolve the Greek debt crisis along with Iran’s decision to halt petroleum exports to both Britain and France. Iran currently provides about 18% of the oil used by the European Union but is threatening to further tighten supplies in retaliation for sanctions meant to block its nuclear energy program.

Read the whole story at The Detroit Bureau »

1 comment about "Just When You Thought, 'SUV!'".
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  1. Bob Gordon from The Auto Channel, February 22, 2012 at 10:25 a.m.

    Americans Want Big Cars and Pickups... Detroit Wants to Build Big... So Let's Have Big...BUT!

    http://www.theautochannel.com/news/2009/04/17/457275.html

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