Is Oil Heading for $100 a Barrel?

Britain and the United States heard a faint echo from the 1970s yesterday as the escalating cost of a tank of petrol contributed to higher inflation. And with tension in the Middle East providing another reminder of life three decades ago, the message last night was that consumers can expect more of the same over the coming months.

The rising cost of energy over the past 18 months has come as a shock to almost every commentator. When a barrel of crude reached $40 (
The Guardian