And prices are supposedly going higher because of the Saudi hostage incident. (???)
Now the word is that OPEC will do what it can to insure supply. Not to try and lower cost. This is a squeeze. Is this the hurdle to get and keep prices over $2.00? Remember when it was a big deal for prices to go past a buck?
Trivia: The U.S. consumes 385 million gallons of gasoline each day. For every penny that the price of gas increases, 1.3 billion dolars is taken out of the rest of the economy.
http://news.yahoo.com/news?tmpl=story&u=/ap/20040601/ap_on_bi_ge/oil_prices_8