The problem is much more far reaching than just "oil"
1. The fuel price problem is due to several factors. The first & foremost being the value of the American dollar. Back in Oct. the Federal Reserve monetized our debt & printed over 640 billion dollars to "stimulate" the economy. That dollar you had in your pocket that Tues. night lost 20% of it's value that following Wed. In other words it now take more dollars to buy anything (inflation). If the dollar was where it was at compared to other country's currencies in 2000 we would be paying about $1.85 a gal for gas. The price of oil is based on the dollar. A lot of this is also due to our expanding National Debt. The Federal Reserve needs to be done away with. We don't need world banks manipulating our currency! Put the Dollar back on the "gold standard."
2. There are element out there ( China, Russia, Arab Nations. etc...) that want to kick our economy in the teeth every time it starts an up swing. Since our economy is energy driven they off set our gain by increasing the cost to produce. This translate into less profit for the companies, which leads to lower wages and less benefits for the workers, and higher prices for the consumer. This in turn makes our products less marketable on the World Market. Which in turn benefits the countries we trade with, ie... China, Taiwan, India... It's a "snowball effect". Perpetual decline of the American standard of living. Leveling the "world playing field," that's what it's all about. Our govenment know this. It ain't rocket science!
3. The oil companies want to expand off shore drilling so they figure that with the high fuel prices the American people will eventually raise enough hell and pressure the politicians enough that they will allow more drilling offshore. By then we'll all be accustomed $3.50 a gal gas and the oil companies will make a killing with the cheaper cost that they'll incure!
4. Higher fossil fuel cost benifits the "Green Movement."