Effectively, the prediction is the same except it is compressed in time now.
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.
Figure 2. Same as in Figure 1 for a less conservative prediction. 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 on 2015.
1. Kitov, I., Kitov, O., (2009). A fair price for motor fuel in the United States, MPRA Paper 15039, University Library of Munich, Germany, http://mpra.ub.uni-muenchen.de/15039/01/MPRA_paper_15039.pdf
2. Kitov, I., Kitov, O., (2008). Long-Term Linear Trends In Consumer Price Indices, Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(2(4)_Summ), pp. 101-112.
3. Kitov, I., Kitov, O., (2009). Apples and oranges: relative growth rate of consumer price indices, MPRA Paper 13587, University Library of Munich, Germany, mpra.ub.uni-muenchen.de/13587/01/MPRA_paper_13587.pdf