Originally Posted by
Dahon.Steve
Until the economy picks up, don't expect the gas to rise much higher than it is today. Each the the economy starts to recover, the oil companies and speculators raise the price killing the recovery. Once the economy starts to slide, the price goes back down again.
Except that while that little drama is playing out here, China and India are moving along steadily increasing their oil consumption. Their consumption is now large enough that it is at least as significant a mover of oil prices as U.S. motorists.