Crude Breakout or Breakdown?

Crude has been looking bullish for quite some time. Crude's price action has been consolidating for a while in this bullish wedge formation for a while. A breakout to either direction should be in the works very soon. And with price coiling this tight for so long the move should be big. The macro environment points toward higher oil prices.
Are oil prices going higher? Will we ever be able to afford a full tank of gas again? Which direction will crude's price break out?