Drivers in the USA could be paying as much as $3.75 a gallon for gas this spring, oil experts predict.
Prices at the gas pump have inched up all year as the cost of crude oil neared $100 a barrel. On Christmas Day, the average nationwide price of self-serve regular hit $3, a record for that day. By year's end, the average price reached $3.06.
Prices creeping toward $4 a gallon could have dire consequences for some industries and slow the economic recovery, analysts say.