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appear to be going all out trying to ratchet fear on this issue, saying that gas prices could reach $5 a gallon by summer. what s your sense as to how disastrous that would be for the world s economy? in the worst case scenario, it doesn t seem so far out of reach. if iran does carry through with its threat, could throw the global economy into a depression, would drive oil prices up to unpredictable levels. he says that consumers wouldn t be able to afford it. you d see an impact on economic activity. it would really hurt consumers getting hurt in other ways, with housing prices and unemployment so high. these higher gas prices will wind up taking money out of their pockets. money that would be spent on other things. it would be spent on consumer confidence. when you see that gas sign of that gas price, people get scared by paying an extra few dollars at the gas pump, even though in reality, it s not as big an impact of getting a good mortgage rate or having a good jo ....