According to the Energy Department's latest forecast, gasoline prices should peak near $3.40 a gallon this spring. That figure would match the inflation-adjusted record price for gasoline that was reached in early 1981. But many outside analysts consider the government's forecast conservative, foreseeing a sharper spike as refiners come out of the seasonal maintenance period and start producing summer-grade gasoline in March and April. _______________________ Question is, will this really effect be forced to cover and get long yesterday am. Being long is not my favorit and I feel I'm gambling more on this long side for the swing. However, the consumer has held in. The bail outs continue to come in droves. The final break in the thin ice will be the job market. As much as I am fighting my gut instinct and staying long.....unless we see a serious spike up in unemployment, I feel this market will try and move higher, even on the gas prices and oil prices. Oil at 103 will be adjusted for the loss of buying power(inflation) from 81...a recession time. I have no idea how to gage.......but I feel that after the elections, we will have a mother of all BEARS...so plenty of time to prepare.