2008 Predictions: Part II of a Four Part Series

2.  The price of gasoline will hit $3.75 a gallon.

Rationale:  Regardless of who wins the White House the United
States will continue its pressure on Iran and Venezuela while
trying to put instability in Iran to rest once and for all.  
A.  Iran in particular has continually shown disregard for
U.N. sanctions and has continued to harass its neighbor Israel.  
Whilethis is done in part to keep the radical clerics and
their puppet Ahmadinejad in power, it could well backfire.  
Israel, the United States, or a joint coalition could use an
air strike to disable the nuclear program.  Iran has already
promised retaliation.
B.  Oil is currently priced in dollars.  If the dollar
continuallydepreciates, then a commodity such as oil will cost
more dollars.  
C.  Unless government leadership (Congress in general and the
Executive Branch in particular) puts the oil executives in
check,then this will be seen as a green light for continued
record profits.
D.  Hugo Chavez may be the President of Venezuela.  However,
itappears that he is interested in being more vocal about his
supportof other Leftist regimes.  This will cause further
instabilityto South America and another oil exporting
country.

Maybe the Real Question Becomes...What companies
are working with the Russians to the oil resources
of that region!