Price of gas to skyrocket soon

Gas prices at the pump do not yet reflect the current price of oil on 
the world's commodities market. The price of oil has risen so fast in 
such a short period of time, from $60 a barrel at the beginning of 2007 
to over $120 a barrel now. The gas that is being sold today reflects the 
price paid for oil on the futures market many months ago when gas was 
between $60 and $90 a barrel. As the months roll by, the price of gas 
will reflect a higher and higher price of oil. It is inexorable.

Expect $5 a gallon gas by year's end and $6 a gallon by the end of 2009.

And no amount of drilling in ANWR or anywhere else will reverse this 
price rise.

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