Ugh. If I wasn't so fed up with it, I might actually be angry about the oil hysteria in Washington D.C. Politicians are feeding the hysteria about gas and oil prices (see: Chuck Schumer) in order to try to use them to score political points. Speculative fears+rising demand+relatively static oil production+SIGNIFICANT GOVERNMENT REGULATION & TAXATION=high gas and oil prices. If there was one politician in Washington who was as concerned about gas and oil prices as they claim to be, then they would start by loosening up government regulation and gas taxes. Right now all they are is hypocrites and part of the problem. What scares me is that they are a part of the problem that can make the situation worse.
Additional
One more thing. All on its own, sometime around Memorial Day, gas prices will drop back down to the mid $2 range, lower if the ethanol industry can keep up, and it will stabilize there (barring unforseen circumstances). Just watch.
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