Actually, the NY spot price closed Friday at $95.05 and will stay there until Monday.

The US government has not approved the building of a single new refinery since we elected Jimmy Carter over 30 years ago. The old ones are much less efficient and dangerous than new ones would have been, and we are losing the competetion to non-US companies. We cannot keep up with the demand caused by a huge population surge.

Also, would some people make up their minds on this subject. One group says that $3.60 gas is outrageous and should be raised to the European figure of nearly $10.00 to cut our wasteful overuse. Others say it is outrageous to charge that much ($3.60) and it just adds excess profit to big bad oil companies and hurts the poor most. Looks like an addiction to complaining.