You probably don't know many people who bet on fuel prices then. The current price is the best guess for the future price, and that's true with both oil and gasoline. This means that there is almost always a 50/50 chance that any future price will be higher or lower (barring seasonal adjustments, of course).
"With the combination of new supplies of oil, an aging U.S. population and the permanent demand destruction we have seen means that baring [sic] a major disruption of global supply gas prices have put in what should be a historic peak."
[1] http://news.bbcimg.co.uk/media/images/52645000/gif/_52645454...