More On Gas Prices

I recently highlighted the wrong way direction of gas prices. USA Today picks up the theme and makes a pessimistic prediction.

Prices could spike another 60 cents or more by May. "I think it's going to be a chaotic spring, with huge price increases in some places," says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.

I have long predicted that we'd see $4 gas in the 2012 election cycle.