That points to why the price is so high. Why is gas not cheaper in Alaska? Why not in Canada? Why not Norway (although Norway uses the money for specific purposes to the benefit her citizens)? Look at the price of gas in other producing areas...

http://money.cnn.com/pf/features/lists/global_gasprices/

(The prices are converted to the equivalent in U.S. dollars for comparison purposes)

Note: that was done in 2005, wonder what the list would show today? Today the U.S. falls in between Estonia and Andorra's 2005 prices, have the other countries risen the same amount?

Again it goes down:

http://money.cnn.com/2008/05/29/markets/oil_eia/index.htm?postversion=2008052917

Will it go up tomorrow?


>We seem to be a bit steeper then at slightly more than 4 litres to a gallon. The last I saw this morning was over $1.29 per litre, and as I said, every station I passed had the same price exactly - to the 10th of a penny. For the record, on my drive to the commuter train, I pass stations of Esso, Shell, PetroCan, Sunoco and one independent, the name of which I honestly never noticed. Irritating when you consider that Canada is a major oil producer.
>
>>Here in my area, we have prices ranging from 3.87 - 4.02 gallon.
>>
>>
>>>When I went into the hospital, the price of gas here was about 97 cents per litre. When my friend Lynn drove me home from the hospital, I couldn't believe what I was seeing as we passed station after station - about $1.20. I almost felt like I should pay her for driving me home.
>>>
>>>>I remember 29 cents a gallon at the Kickapoo station in Portage, WI. :o)
>>>>
>>>>
>>>>>>Do you remember the days when most of the gas stations were owned and run locally? When you drove to the cheapest station or the station owned by a friend or a friend of a friend? When conglomerates starting buying them all up and merging and then started under-pricing the little man, those remaining complained that it was the calm before the storm. They stated in news interviews that eventually when the big guys either owned all the little guys or drove the few remaining out of business that then the slow increase in petrol would ensue due to lack of competition. Interesting. I'm not saying that has anything to do with the current price of petrol, but it is interesting to think back on it. Wonder if any of those little guys are still around?
>>>>>
>>>>>There are still a few independents around, but they operate under the threat of not being able to get gas delivery if they don't toe the line on prices. I've noted it before, but here in Toronto, it doesn't matter which gas station you go to, the prices are all exactly the same to the tenth of a cent. If it's 128.7 cents at one station, it's 128.7 at all of them. You might get lucky and find an independent somewhere unobtrusive selling at 128.6, but none of the major stations. Interestingly, they all change to the same price at the same time too, but of course we all know there is no collusion. It's just the universe's most odd ongoing coincidence. And in spite of all their mewling about being forced by world oil prices, the oil companies are all drawing larger profits than ever before.