Oil Prices Hit $100 a Barrel

Crude oil prices hit more than $100 a barrel last week, marking the highest price since May 4 and leading to industry speculation as to whether President Obama will tap the Strategic Petroleum Reserve (SPR) ahead of the Nov. 6 election. The Federal Reserve's plan to keep interest rates at record lows as well as escalating turmoil in the Middle East are expected to drive oil prices up.


This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.

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