Terror premium on oil remains

Oil prices at $70 per barrel, maybe even higher - that is what some experts are saying according to the AP. There is a lot of bickering between those that say oil prices are being pushed higher by hedge funds and other investors, and those that say oil dynamics have changed, and it is going to continue to get more expensive. Many analysts have stated that gas prices are not high enough to justify hybrid cars - that prices would have to reach $3.50 per gallon to offset the additional costs of hybrids. Get ready, in some areas, such as California, we could hit those prices much, much sooner than expected - though such prices will probably be temporary.