predictions on gas prices today. by the time memorial day rolls around, you could be paying nearly $5 a gallon to fill up your car. industry analysts are saying everybody can expect a huge price spike over the next three months, 60 cents or more by may. cheryl casone is here live with more on that happy tale. why, cheryl, why? >> it is all in anticipation of what could be, and we're tacking oil prices here at fox business network. right now crude is up, we're at 98.83 a barrel, that's up $1.89. some of that's because of what's happening in europe. but, look, if we continue to see all this rhetoric that is coming out of iran, will they close the strait of hormuz? they've been threatening to do that for a long time, but you have to take this stuff seriously. and also the tensions between iran and israel, all of that keeps oil prices elevated. what you're going to see is these predictions of higher gasoline prices for $5 by may because we simply don't know what's going to happen in the middle east. l at the same time, if we do see
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