NEW YORK ( TheStreet) -- As crude oil has raged higher, are consumers going to start feeling the pinch in their wallets? TheStreet's Jim Cramer tells Joe Deaux that gasoline is starting to play catch-up and could go to $4.25 per gallon.

Cramer was quick to point out that even as pump prices have steadily rose, the U.S. has become a much larger exporter of gasoline.

Cramer said that if the U.S. kept more gasoline in our country, then the increased supply likely would pressure prices lower.

Cramer also said that there is a new buyer in the crude market: fund managers. Cramer said that oil has been a better hedge against inflation and that is was clear from the Delivering Alpha Conference that many believe inflation will rage higher.

As more financial institutions have become big buyers of crude, they have helped to create artificially high oil prices. This leaves gasoline prices playing catch-up and in the end results in higher prices for consumers.

Cramer concluded by saying gasoline could run as high as $4.25 before topping out and that it would probably cost only $3.50 if it weren't for all of the gas exports.

-- Written by Bret Kenwell in Petoskey, Mich. .

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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