i believe i heard famed gas trader Eric Bolling mention recently on CNBC that a major part of this issue is refining capacity---we simply don't have enough refineries. Congress wants to make price gouging an issue, which of course has never been proven. It's the ever popular summer driving season political favorite: go after the Big Oil Companies, yet no one in congress wants to do something that could really help gas prices: put a refinery in their own district---I dont blame them by the way, but come on already with the grandstanding---also i found this quote from the TIME article intersting: "It's not just ExxonMobil. Oil-field-services provider Baker Hughes keeps a monthly tally of how many rigs are active around the world, and the rig count peaked at 6,227 in December 1981. In April of this year it was just 2,836." Looks like its peak oil time. The global market sets the oil, gas and energy prices, China and India are just starting their industrial revolutions. Put your seatbelts on it should be an interesting summer--Patrick Kerr, OilGasFutures.Com