When will gas be $5 a gallon?

Question

It's already $4 here. Gas prices have been going up, constantly, every single day... Do you think we'll see $5 / gal. gas by Labor Day? [in the U.S.]

Answer 1

When oil gets to about $150/barrel.  Or if there is a major hurricanein the Gulf.

Answer 2

This summer for sure..

Answer 3

No, I think gas prices have peaked. Oil has been going down the last 2 weeks. Gas always peaks around Memorial Day, then it goes down.

I think we will pay $3.60 to $3.80 for the remainder of the year.

I don't know about $5, but it will probably be in the next 2-5 years. We will not see it until 2010 at the earliest. Demand is dropping and there will not be as many big raises

Maybe by then, we will all be driving hybrids.

Answer 4

September/October 08