I too have heard the $3 projections. I have to say that right now, I have my car specially tuned for 92-93 octane gas. I have no choice other than to pay for the premium as my car's fuel to air ratios, compression and advanced timing rely on it.
That said we have been flirting with $2 now for several weeks. 35 miles north in Wisconsin the price for the good stuff is about $1.82 while here it is between 1.99 and 1.97.
If they get much higher, even though I understand that a hotel+ airfare still costs more, I will be forced to scale back travel plans to more local locations.
Last time I took a 700 mile round trip with the Bambi, it cost us @ $1.50/gal around $165.00. At $2/gal, that same trip would cost us $220.00. At $2.50/gal the trip cost increases to $275.00 and at the $3/gal mark $412.00.
So much beyond $2 and my economy dollars won't be leaving my bank account!