A scary thought: Gasoline at $7.50 a gallon

If crude hits $150 a barrel, we could be looking at $5 a gallon or so for the retail price of gasoline. That’s based on Tuesday’s $3.61-a-gallon national average and the rule of thumb that, for every $1 increase in crude oil, the pump price rises 5 cents a gallon.

If crude hits $200, the retail price of gas jumps to $7.52 a gallon. (Plus or minus a few cents) To fill the 10-gallon gas tank on my Honda Civic would cost $75.20