Prices at the pump have been soaring as of late, and some experts predict there is no end in sight.
Local financial advisor Howie Pentony said projections on Wall Street are showing no sign of slowing down.
“Investment banker Goldman Sachs says that they think the cost for a barrel of oil will rise to $140. It’s currently at $120, so that’s another 12 to 13 percent it could go up,” Pentony said.
Pentony says that the summertime is generally when demand for gas rises, and despite the high prices it appears people are still willing to travel.
“When the demand goes away and then the prices will come down. Well, I just don’t see that happening over the summer. People are still eating and they’re still driving their cars,” Pentony said.
Pentony is the president of Pentony Capital Management in Portersville.
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