$6 to $7 per Gallon in 6 to 24 Months
Think that gasoline is expensive at $4 a gallon? Maybe, but apparently that price point isn’t high enough to make Americans change their usual day-to-day driving habit:
If oil hits $200 a barrel, which is the upper end of Goldman Sach’s prediction for prices over the next six months to two years, the gasoline picture changes quite dramatically. At $200 a barrel, crude alone would cost $4.76 a gallon. Add on the costs of refining and distributing as well as taxes, and pump prices could rise to a range of $6 to $7 a gallon.