There is not now, and never has been any logical explanation as to why gasoline prices go up and down. I read in the paper a couple of days ago that the US is now exporting more gasoline than we are importing. In fact, in dollars, gasoline is now the largest export that the US has.
Demand for gas is now down in the US, so supply is outstripping demand. Normally, one would think that the price should be plummeting, but instead it's rising.
I don't believe that any outside forces (trouble in the mid-East, hurricanes in Louisiana, oil pipeline ruptures, or anything else) are determining the prices. They are what they are because the oil companies want them to be what they are.
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