$5 to $7 a gallon this summer for gas?

If you are like me, you are looking at the the price at the gas pump (looked this week in California and it was $4.25) and it sort of took my breath away. But wait, yesterday, this week was March? And we aren't even into May yet? And sometimes gas cost about $1 more during the summer or more? And what does that mean? $5.25 or higher? So, given what is happening in Bahrain, and Yemen (right next to Saudi Arabia) and we get minimum $5 dollars a gallon to $7 a gallon (or more) this summer. And what does that do to everyone on earth including here in the U.S. and California where many of us live?