When people, analysts, and everyone else starts to predict increasing oil, gas prices far and beyond where they are situated right now means a top in oil is near or very, very close. There is just no way the consumer is going to handle anything higher than $4.00 gas, its already hurting some people who are barely making it, anything higher going forward will lead to consumers totally cutting back and if $5.00 or $6.50 gasoline comes just sit back and watch demand for oil drop dramatically!
And Another thing....enough about comparing the US to Europe when it comes to what they pay.....I like how people compare the US to Europe when it comes to gas prices. They make it sound like just because Europe is paying $6, $7, $9 dollars and doing just fine the US will take on those prices just as well, that is just way to funny to hear people compare the two. Bring on just $4.50-$5.00 and watch what happens to the consumer and the economy. Raise it to $6 or $7 and watch what happens to the economy here in the US, enough about comparing gas prices here in the US to Europe, its getting very old!
