Back when we hit $147.00 per gallons, these EXPERTS were claiming that gas price at the station will go up to $6.00 per gallon and look where we are, $1.70 per gallon,
These experts are as much of expert on economy as my local barber.
You mean $147 per barrel :p
BTW when crude oil price did hike retail gas price didn't actually reflect it, if that peak price was maintained for few days then we might have seen retail gas prices of around $6 (not everywhere of course).