Last week, bulk oil prices fell away from the $130 mark and ended the week at $122. Now, oil prices are rising again to $123 a barrel. This comes at the heels of the dollar weakening against the Euro, as well as beginning of hurricane season. The changing oil prices has failed to slow the prices of gas, however, as it inches closer to an average of $4 a gallon, though most states are paying beyond that now.
Analysts predict that the $4 mark will be the peak and begin to drop as the summer progresses.