> Our resident enviro economist Jim Barrett says it is supply
> problems in the U.S. -- failure to maintain refinery and pipeline
> capacity.  The regulatory component is about five cents to the
> gallon.

Certainly, but haven't gas prices risen in Europe as well?
And haven't world crude prices been rising?  Is there a
recovery going on somewhere (hence increased demand)?
Or has OPEC discipline increased (I mean prior to last
week's meeting).

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