Now, we think that the rise is much faster and this level will be reached by the end of summer or in early fall.
Figure 1. Prediction of the evolution of the price index for motor fuel (read oil) relative to the core CPI. Black line - actual measurements, black line with red circles - the prediction from March 2009 to December 2009. Solid red line - new trend of the difference of the core CPI and the index for motor fuel.
Oil price will break the level of $80 to $90 and will reach the level above $100 by the end of 2009. Then oil price will be gradually declining to ~$50 in 2015.