Consumers Could Face Price Spikes at Pump

While the most dire predictions have been largely dismissed as alarmist — gasoline prices in the U.S. of up to $6 a gallon and crude oil climbing to $105 a barrel in 2007 — analysts warn consumers could face new price spikes and won’t soon be returning to pump prices that propelled the popularity of gas-guzzling SUVs.

The consensus is that the era of cheap oil for U.S. consumers, accustomed to some of the lowest prices in the industrialized world, is over, at least for the next few years.

Yahoo!