I just love high gas prices. You know why? Because it exposes our politicians for what they really are - big bags of gas themselves. Let's see how our elected representatives (both Democrats and Republicans) have 1. caused our problems and 2. are about to make things worse for us.
First of all, gas isn't like Wonder Bread. There is only one kind of Wonder Bread - white. If there is a shortage of Wonder Bread in Tampa, FL and a surplus in San Diego, CA, the surplus bread can be moved from the market place with excess capacity to the high demand area and thus head off a massive price escalation (basic supply/demand). Unfortunately there are 17 different blends of gas. So when the great state of MA has a shortage of their mix, they cannot use the mix that their friends in PA can. The supplies are limited to specific geographic locales.
Secondly, gas, now, isn't like Peanut Butter. It used to be when the vast majority of the oxygenating additive was MTBE. The refininers could add MTBE to the mix before it went to distribution. Now the refiners need to move the gas without the new additive (ethanol) and mix it at the end point. That's like Skippy and Jiff only making creamy peanut butter at their factories and mandating that the chunky peanuts be added at the supermarket. Do you think that will have an affect on price? YES. Do you think they want to maintain stockpiles of peanuts all over the country? NO.
These first two points are the fault of our short-sighted elected officials. When I have more time I will address what these same officials are doing to make matters worse under the guise of making things better -- for them.