Analysts now agree that gasoline prices will again surge past $3 in the United States. “Oil prices are likely to hit an all-time high during the course of this year, and I think they can go beyond $75 a barrel,” said Fadel Gheit, senior oil analyst with New York-based Oppenheimer & Co. “It is very possible we could see $3 a gallon by the summer. If oil spikes above $75, I guarantee it.” The price surge is being blamed on everything from the dispute with Iran over its nuclear program, to the civil unrest in Nigeria, to yesterday’s message to the U.S. from Osama bin Laden.
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