It has nothing to do with increased demand. Gas is priced based on the US Dollar and our currency is going down the crapper with all this debt we're dumping on it. Stagflation, here we come.
Well if so much of our economy wasn't petrol based, we wouldn't be in this conundrum. But it is, and until we change that, it's going to be like thate every time gas prices fluctate. There have actually been some proposals to have a floating price on gasoline, where it is a flat price that is actually higher than normal, in order to take the fluctuations out of the market. It is those price fluctuations which screw everything up, including consumer confidence. What kind of a car do you drive Darizzle?
When I see the profits gas companies make and how they manipulate the price of gas, there is clearly no need to charge this much. The stuff I've read and people I talk to state gas is about 60-70 cents over priced.
I actually spent only $50.00 more per month when the gas was $5.00 a gallon. I gladly pay $50.00 more for no traffic and less time spent in my car.
