I was just having a Facebook discussion about this

on my older brothers FB page. You have to be aware though, my older brother is a dyed in the wool Obama Liberal, and the facts don't matter to his preconceptions. According to him it's all the big banks causing fuel prices to rise because of the value of the dollar. He doesn't take in to account the cost of EPA Regulations on refineries, or the different types of oils which can currently only be refined in certain refineries. However I digress. Peter has a post up about how Steven Chu, Obama's Secretary of Energy stepped in it. I highly suggest you click the link and got read the rest at Peter's page.