[Trader D]

All of the supply & demand reasons you list would certainly put some pressure on gas prices but, the main reason for the huge increases we're seeing now is that the US dollar is at an all time low compared to other world currencies due to the huge deficit. Oil producers must charge a lot more "dollars" to get the same value as before for their oil. Thats why gas prices are rising so dramatically here, but not in other places like Europe where they are staying relatively stable since their currencies are near all time highs right now. Although they still pay more for gas than we do.

[retrokitten]

Thanks for that! It makes alot of sense.