In 2008, oil was $140/bbl and gas was $4.30/gal.  Now oil is $93/bbl and gas is $3.60.  Seems to me gas shoud be about $2.86 right now.  Perhaps the EPA should permit the building of some additional refineries which would be cleaner, more efficient and more economical than the old ones.  Then we could realize the savings from the reduced oil prices.  Obviously, the people hurt the most by the current policy are the middle class - the same people who are always hurt the most when the government has too much power.

Normally West Texas crude sells at a premium to Brent but Brent is currently selling at a premium because we don't have enough refining capacity to take advantage of increased oil production. 

I am so sick of these high prices.  Especially when you see record profits by the oil companies.  They could keep the price down if they really wanted to but they got us right where they want us.  Everyone needs gas.  And the government saying inventories are low is not a surprise.  Obama has made it clear more than once he likes these prices.  It helps promote his alternative energy plan.  Alternative energy is good however most of America cannot afford it.  Only the rich.  He is out of touch in what the average person (lower and middle class) can afford.  But the department of energy which the president oversees, controls how much oil is bought from overseas.  Plus Obama has intentially prevented us from being more oil independant to again serve his own agenda.  So we must rely on overseas oil.  It's a disaster waiting to happen and I don't think we have seen the worst of it.  If he is re-elected God help us.  Plus gas prices control everything in this country.  It is the cause of everything going up from food to heating.  You name it, gas and oil are behind it.  Transportation costs are rising and so is everything else.  I know myself I have had to cut back on spending and cut out causal spending because of the gas prices going up.  Watch out....our recovery from the recession won't last long at this rate.  We will be doing an about face soon.

its all about greed

the price of gas up every time they think there might be hurricane,a war .a refinery fire etc . the price sky rockets over night.

then lo and be hold no hurricane no war and fire was some guy sets a waste basket on fire.

but the price of gas does not go down. if these thugs can raise gas that fast,the they can lower it just as fast.