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as much as i like to blame bush for things, the president has little control over the price of gasoline.
the commodities market - where oil is bought and sold plays a large part. speculation raises the price of oil that will be sold months from now. there is an ever increasing demand for oil as more and more people move up and purchase vehicles, populations increase the need for mass transit and homes need to be heated. part of the problem is instability in the middle east - where a lot of oil comes from. instability means fear that prices will skyrocket.
OPEC could raise production but they're getting $112 barrel and it's still being purchased (though they've started to voice concerns that it will need to come down soon).
Most of the oil purchased in the US comes from Canada, by the way, but is still bought and sold on the global market. as long as someone is willing to pay the prices, they will stay high.
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"Speed has never killed anyone, suddenly becoming stationary... that's what gets you."
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