Demand is high, and the supply is controlled. It will only go up as more and more people around the world drive cars.
Obama needs to raise the driving age to 18. It's not like they can't take the bus. That will cut gas prices for the rest of us.
From my understanding. the US is stock piling oil, where Saudi is selling. I am sure once the US gets enough oil piled up they will start selling for less than what Saudi is charging. Until then, It's a one way street.
all you guys blaming Bush, just remember that gasoline was under $2 when our current president took office...
and don't forget Obama's Energy Secretary even says that lower gasoline prices aren't the goal. THANKS dweeb-brah. <iframe width="560" height="315" src="http://www.youtube.com/embed/K-pAvg6McPQ" frameborder="0" allowfullscreen></iframe>
I said from my understanding. Never said I was an expert on the subject. I will stick to basketball though, as I really have a low interest in oil