Treasury Secretary Janet Yellen said American consumers will be at the mercy of oil companies this summer as crude oil is expected to reach $160 a barrel, according to an analysis released Monday by Goldman Sachs. Speaking to the Senate finance committee Tuesday, Yellen took heat from both Republicans and Democrats for inflation that’s near 40-year highs, with gasoline prices up almost 50 percent over the last year. In May, a gallon of gas cost more than $4.50, according to a national average compiled by U.S. Energy Information Administration. It’s now at $4.86 a gallon, up 25 cents in just one week. In California, gas is now more than $6.30 per gallon, and it’s above $5 a gallon
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