National average pump price is up 17.5 cents per gallon so far.
Much refining capacity is offline, and pipelines have been throttled back.
It's pretty common knowledge - especially if you're the type to regularly visit sites such as AutoblogGreen and its ilk - that it's simply cheaper to drive a mile on electrical power than on gasoline. We also know that it is inefficient to convert oil sands into usable fuel relative to other sources of oil. Yet the demand for gasoline remains high, mining the tar sands of Canada remains profitable and it has also undeniably created a lot of jobs, so that petroleum is coming out of the ground.