(miles per gallon)
11/12/03 - 4/23/06
So, why are prices so high? I'm no economist, and there are plenty of analysts who have actually studied this situation. But I think the undiminished demand for fuel in the days following Katrina caused the people who set the prices on gas - or, shall we say, "the market" - to realize that higher price points will not result in reduction in consumption. It would be a bad business practice for them to sell gasoline for less than people are willing to pay for it. And we are all poorer as a result, save those who are invested in oil stocks.
So how much are you willing to pay for a gallon of gas?