More Record Prices: Gas $4.02

Gas prices set another record above $4.02 a gallon Monday, while crude oil prices eased following a massive spike in the previous session.

The national average price for a gallon of gasoline climbed to a record $4.023 a gallon, which is more than 10% higher than $3.692 a month ago and nearly 29% higher than the $3.091 average a year ago, according to the AAA figures.

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"In this current emotionally-charged market, high prices have now become the justification for high prices," said oil industry analyst Stephen Schork in a research note published Monday.

"Crude oil may go to $150, it may even go to $200," Schork said. But he warns that the oil market is being driven by a "mania" and is showing signs of a price bubble.

"When this bubble pops, this mania will end the same way all manias before it did, i.e. crashing and giving back all of the accrued gains," he said.