$5 gas is predicted. That's gonna hurt in so many ways!
<click> that sound you hear is the ratchet tightening one more notch. They will threaten 5 dollar gas and it might hit there for a short while, then it will drop and level at $4.00/gal, the general public will then breathe a collective sigh of relief that another disaster has been avoided and go back to business as usual, without widespread outrage, even though the net change is >$0.50/gal more. Big oil will again sucessfully raise there prices in a down economy and look like the "good" guys because the price is not $5.00/gal.
That's the way I see the hsitory of gas prices.