No, I'm not predictiing $7-$10 this summer, but global demand is higher than ever and on the rise and we haven't started burning the $117 a barrel oil yet.
We also have to get through hurricane season.
As it stands, there's no reason for them NOT to keep raising the prices. The laws of supply & demand do not apply here. We'll all grumble about it, but still pay it. Just look at the people lined up to pay $3.75/gallon.
The real terrorists aren't the lunatics who build bombs; the real terrorists are the ones who methodically attack each and every one of us, in the wallet! And it seems they're winning...