U.S. consumer sentiment dropped in March, according to a report released on Friday.» Read More
Oil could hit $220 a barrel if "Libya and Algeria were to halt oil production together," analysts at Nomura investment bank predicted.
Oil prices will need to rise another 50-60 percent before energy costs put a squeeze on consumers with the same impact as 2008, according to the fixed income team at Credit Suisse.
What were some of the worst inflation situations in history and how did they come to be? Click to find out!