Oil could gush to $100

Next up for oil? $100 a barrel?
That’s the view from analysts who may have considered that prospect a long shot just a few months ago. And to be sure, some still think that’s a stretch from the current $55 level, short of a major disruption like a terrorist attack.

But momentum is gaining for a view that sees rising crude prices as more than a temporary spike due to speculation or terrorism fears. If that’s true, New Yorkers can expect to be socked for items from gasoline and heating oil to rent and groceries.

“It [$100 oil] is totally realistic within a year or two,” said Stephen Leeb, who tracks oil for his own investment firm.