Uh, I'm college educated, too, but I think you're missing a couple of points.
1) Supply and demand does account for some of it. 2)Greed and speculation (read "young hotshots sitting at commodities desks in investment banks vieing for career advancement on the basis of their trades") accounts for more. 3) You left out the weak dollar, with all its causes, which only exacerbates the effects of 1 and 2.
Don't leave out the green and NIMBY factors. Those, to me are the most exasperating. How many soccer families run big SUVs, but like to think that at their core they are environmentally responsible (worse yet, couldn't imagine being seen as anything else!), and so support cleaner fuel while opposing the building or expansion of refineries? My observation says, "A lot of them."
1) Refinery capacity -- few if any new refineries in this country in years, and severe obstacles to any plan to expand capacity in esisting facilities. 2) For years we've heard about loss of capacity attributed to shutdowns for conversion from summer to winter blends of gasoline. We now face the same issues on #1 and #2 as refineries adjust to the new ULSD which, quite apart from it's effect on road diesel, has effected the pricing of off-road diesel and home heating oil.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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