Trilby Lundberg

And oil analyst Trilby Lundberg with the Lundberg Survey tells us... There is a possibility if oil prices go higher and don't retreat, we could see a further $1 at the pump.

Prices could go to $5 or $5.25 per gallon.

Gasoline prices rose another six cents, same as in the prior two weeks, and the new price is $3.02.

Gasoline prices moved up another six cents in the past two weeks.

Regular grade now averages $2.96.

Plus, the wholesale market says that the price should be nine cents higher than it is.

Lundberg's survey... This price is 27 cents lower than it was just seven weeks ago.

It's 45 cents lower than it was at its high point of last year, early April.

Plus, versus last year, it's a 24-cent discount.

The trouble is oil prices are up, and so this price decline might come to an end fairly quickly.