Maybe we just need to quit being so Dependent on Foreign Oil and Gas to run our Nation, and do what Brazil does with Sugar Cane Ethanol.  Most of Brazil Rely's solely on its own Ethanol.

We need to Cut out the Middlemen who want to charge us an arm and a leg for Gasoline which used to sell for less than a DOLLAR a GALLON!

And with all that OIL Just Sitting in the GULF Of MEXICO there is NO REASON why we shouldn't be dependent on our own sources for Gasoline!

Its all about GREED people!  The American PUBLIC won't stand for Higher Gas Prices, when more than a quarter of ALL Americans can't find JOBS and Employment to even be able to PAY FOR IT!!

This should make a nice dead cat bounce of our "recovery"....if there was such a thing. It's not the extra $80 a month that's going to put my family in the poor house, but the snowball effect it has on prices of everything when are already not competitive in the new global market. Sadly you can blame the greenies for a majority of this problem...can't drill so we import....can't fish or control the seal population so we import 80% of our seafood....can't manufacture anything if the factories smokestack doesn't smell like flowers so we import it.....

It's all from the SAME PLANET. They are just allowing other countries to get to the top at our demise.

It's the 25% + rise in grains and food that worries me.

I'd hope maybe when lots of us are starving you'll join the pack and put some pitchforks thru your favorite politicians.

Sounds as if it's time to purchase oil company stock. That should help pay for the rising cost of gasoline. In the meantime, I'll be driving my little car that gets as low as 31 mpg in cold weather & traffic and almost hit 40 mpg on a trip last year. The higher the price of gas goes, the more money I save by driving my little, fuel-efficient car.

This will drive the price of hybrids and small, fuel-efficient cars a lot higher, and the prices for large gas-guzzlers lower. Might be the time to pick up an old Crown Vic Police Interceptor and go for a big joy ride!

while you are correct that there are significant deposits here in the US, between environentailsts and the government (local and national) itis prohibitively difficult to actaully drill for this oil.

And the primary reason that gas prices are rising is that us consumers continue to buy it (demand).  there are some supply related drivers as well primarily around lack of refining capacity over the last several months but fundamentally, if we don't buy as much of it, the prices will drop

I say to everyone right here and now. SAVE YOUR MONEY UP FOR A LONG TIME TO GO IF YOU CAN. More pain and suffering is coming and doesnt look promising. I  thought gas and oil prices should be affordable for everyone  so the economy would make more jobs and its recovery around 2015. IF, this takes place of 5.00 a gallon of gas. This aint gonna ever happen because were not working all together as one and we're doing something wrong and lots of funds are being handled not right. Keep your vehicles filled, so you dont have pay alot at the pump. Wishing the best for everyone this year hoping and praying for gas and oil to take a turn the other way.

Actually the 3 reasons can be summed up by Gordon Gekko [spelliing?]

1.  GREED

2.  GREED, and

3.  GREED

Could it possibly be that Big Bureaucracy / Big Green have their own agenda? Al Gore didn’t get stinking rich from his good looks (or inventing the internet). We know that coal can be converted in to oil for about $70 a barrel and we certainly have no shortage of coal. We also have large, untapped domestic supplies of oil (on-shore) any reason (besides political) that we’re not going after that? We haven’t built a new oil refinery in this country in over 30 years, so we have to ship our oil to other countries to have it refined.

Why don’t we continue to demonize every American Industry until they all go overseas? That appears to be the intent.