It's jumped another 10 cents+ since I filled my tank last week ...insanity .. $0.80 in the last 3 months
Makes you wonder if they'll consider regulation .. it was done with natural gas in the past
The intelligent answer would be "no way Jose", since it has been proven time and again that price controls don't work (can we all say rationing and long lines?). However, we all know how intelligent our politicians are (not), so this may be just one more of the ideas that surfaces during an election year.
One thing that would help immensely would be to find some other "sure thing" for the speculators to manipulate for quick profits. After the mortgage and housing bubble finally burst, they had to find other markets to screw with. Oil is one of the big ones they turned to, along with various metals. I've seen estimates that indicate up to 30% of the oil price increase is not demand related, but in fact due to manipulation by speculators.
Jerry