I have no great love for the Arab Oil Sheiks to whom Obama bowed when he bowed to the king of mecca.
They are the ones making out like bandits, but nary a peep of that comes out of the mouth of the one.
The Middle East is not our main vendor. Canada is. With Mexico in third. Obama has screwed up the relationship with Canada so badly that they are now considering selling oil to us at the same price the Chinese purchase at.
Oil/gas is high because:
1. speculation
2. low domestic production
3. no new refineries/pipelines
4. seasonal changes (winter to summer/summer-winter gas)
5. Taxes: federal, state, local
6. rent of station facilites
(not all stations own the property)