No one can say when high gas prices will move a huge number of Americans out of the consumer spending market. But, the fact that gas prices rose over 11 cents in the last three weeks to $3.51 is a bad sign. When the national average is that high, prices in states which include California are much higher.
The price of gas is 43 cents above where it was last year, as WTI crude hovers at $100 and threat like a shut down of Iranian exports loom, there is a relatively good chance prices could rise through the spring and into the heavy driving period which begins on Memorial Day
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