An Unprecedented Rally in Gas Prices

The bottom line: When prices hit record lows, they have nowhere to go but up. But the rebound in prices has been remarkable, helping to offset a year in which most prices reached low points for extended periods of time.

This rally, however durable, will provide some support for companies looking to make investment decisions in long-term supply, muting some of the fears expressed in this piece that the spread between U.S. gas prices and those overseas might never return to their previous extreme levels.