Slippery Slope
By Jesse Freund

(Business 2.0) – Beginning April 1, the OPEC oil cartel plans to curtail crude output by 10 percent. Analysts believe that OPEC's decision was motivated in part by the desire to offset the effect of a weaker dollar. If prices continue to rise above $35 per barrel, however, higher energy costs could sap some momentum from the U.S. economic recovery. Consumers will certainly feel the pinch at the pump, as gas prices are likely to test all-time highs. The average retail price could climb past $1.90 a gallon by the end of April--well above the $1.59 a gallon average for 2003.