Summer Gas Prices to Spike but Not to Record Highs

Global crude oil prices hit an 18-month high as the average price of a gallon of regular gasoline reached $2.85, the highest it's been since October 2008. This is both good news and bad news. The bad news is that the economic recovery could slow if gas prices rise too fast. The good news, though, is that the United States is almost certainly not headed toward another summer of $4-a-gallon gas .