I would be suprised if our oil companies didnt maintain the high prices. They are now pegging retail prices on the futures market for crude. To my knowledge the actual price has always been less when time to deliver came.
Remember the two tiered pricing of "old and New" oil years ago. On paper old oil crossed into Mexico and came back as new oil to be sold at the higher allowed price. The bush family made a fortune on it as did others!
The other day I saw on a talk show that crude oil was likely to hit $200 a barrel in the next 8 or 9 months. That day the spot price was $120 a barrel and gasoline was $3.56 as I recall. That extra $80 could jump gasoline to $5.00 a gal. or more. A week earlier I had gotten two e-mails from my Daughter. One pictured a very long and high building in Saudi Arabia. Inside was a refrigerated Ski slope with with lift chairs!! The other looked like a high end hotel. It had dozens of bath rooms, many bedrooms, marble walls/floors and gold fixtures. There was a fleet of about 15 or 16 white Bentleys. There was one silver sports car. Not painted but REAL silver. This was the home of ONE Oil Sheik and his family. I guess we should feel honored to be able to help them live like in that manner.
I saw an article in tonights paper re: people selling jewelry, clothing, used auto's, family heirlooms and furniture on e-bay to buy gasoline to get to work, buy food and pay bills. I will have to check e-bay out tomorrow to see for myself.