Reply #14: That's my take, too. Yesterday I paid $2.93/Gallon near Wilmington, DE [View All]

[Merlin]

That's quite a spike over 3 months earlier, and at about the levels of the invasion anxiety.

One thought is that the Bushies want prices up now, so they can bring them tumbling in the summer as a real jolt to the economy. But that would be too clever by half for them, and way too risky.

I think you've got the better interpretation, and this move by the Arabs supports it. High oil prices will cut any recovery off at its knees.

I'm willing to pay substantially more at the pump if it leads to the disposal of this miserable bum in the WH.