What does latest inflation report mean?

[arnaldoabru 11]

Saw these quotes on CNN "wholesale inflation spiked dramatically in March"

"Bond prices slid in the face of some horrendous inflation data" Bill Larkin

All the economic majors out there- what does this mean in the big picture?

and how many trips will we be taking this summer if gas gets to 4.00$ a gallon.

[BamaGrad03 0]

and how many trips will we be taking this summer if gas gets to 4.00$ a gallon.

What price will gas be if Obama wins?