(The Associated Press)
Gas prices rising, and end may not be near
Despite weak demand in the U.S. and Europe, oil prices climbed last week to near $90 a barrel, and gasoline prices have passed $3 a gallon on the West Coast and parts of the Northeast. According to Energy Department data, average prices on the West Coast last week exceeded $3.15 a gallon. If demand is down and supplies are plentiful -- and they are -- why would prices be going up? Because Wall Street speculators are driving up oil and gasoline prices -- just in time to dampen holiday cheer. And the end of rising prices is not in sight; Goldman Sachs projects oil prices will climb beyond $100 per barrel in 2011.
--The Associated Press
(Porsche)
Group picks future collector cars
Hagerty, a provider of collector car insurance, has released its list of 10 Future Collector Cars Under $100,000. The 2011 models the company predicts will someday be collectible: the BMW 335IS, Cadillac CTS-V Coupe, Chevrolet Camaro SS Convertible, Dodge Challenger Drag Pak, Fiat 500, Ford Mustang Boss 302R, Honda CR-Z, Infiniti IPL G37, Mini Countryman and Porsche Boxster Spyder (shown at right).
--NWautos staff
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