Where I live now, gas prices and their changes are fascinating. Five or six times now in the last year, prices have inched their way down to a fairly low price (lowest was $2.98) only to be jacked up by 40 cents in one day. This last week they went to $3.16 and the next day ALL the stations were at $3.49, and then $3.59 the next day. Yet I’ve heard nothing about some catastrophic event to explain it.
But you also need to factor in what's going on overseas in the Middle East as well.
I have a gut feeling that this year is gonna be a very bad year, and things won't be getting better any time soon.