U.S. $4 a Gallon in 2008?

Alright, just finished THIS article from newsday.com about the price of gas in 2008. The fact that it's not there now w/ oil already trading near 90$ a barrel suggests price gouging is in effect. I can't see how the pump price won't reflect the barrel price sooner or later.

...high-priced crude also could help make this winter the most expensive in history for homeowners who heat with oil -- and costly enough to be painful for those who heat with gas. If crude stays at this level, the effects could lead to higher fares as airline fuel costs rise, and to higher prices for almost any product that is shipped by truck or rail.

Experts say other factors are continued strong world demand for oil, a disciplined restriction by the Organization of Petroleum Exporting Countries on supplies and the decline in value of the U.S. dollar, the currency used worldwide for pricing of oil; when it's worth less, oil costs less outside the United States, discouraging conservation.

What's odd, to me, is that these mainstream publications aren't talking 'peak oil' at all yet. . . .