Oil Over $100 a Barrel Means High Gas Prices in the US

Gas prices in Alaska have already hit $4.95 a gallon. And with oil topping $100 a barrel, some experts are predicting gas prices could reach $4 a gallon in some regions by spring.

Source:Dealers brace for $4 gas - Automotive News

"With the price of oil over $100 a barrel, we should expect self-serve gasoline to reach $3.50 per gallon by spring," Geoff Sundstrom, spokesman for travel and auto group AAA, of Heathrow, Fla., told Automotive News. " Some regions could reach $4, especially for the West Coast."

Not good news for the automotive industry, which is already being hurt by the mortgage crisis. But, it should be good news for hybrid car and other fuel efficient car sales.

The relationship between gas prices and hybrid car sales is as obvious as it is clear.