Maddow fails ECON 101 because you also have to consider supply. If demand increases and supply decreases or even remains the same you will see a higher equilibrium price. Obama has stifled new oil drilling and his environmental whacko friends have stopped the construction of new refineries and even the Keystone pipeline. We now have virtually no reserve refinery capacity in this country so when there is a fire or natural disaster that shuts down even a single refinery we see drops in gasoline supplies and price spikes. His boast about pushing high mileage cars fails to consider how much the price of cars will increase as a result and if the new CAFE standards will basically kill pickups and small trucks. Obama’s plan could cause US roadways to look like those in Cuba with patched up 50 year old pickups and small trucks still in service because no new vehicles will do the job.