If we've increased the supply so dramatically, and if the demand is the same (can't see it going up as dramatically) seems the price should go down.
"Drill here, drill now" was apparently meaningless.
Demand in the US isn’t up, but demand worldwide is.
China continues to expand, and now is the biggest customer of the Persian Gulf oil.
Oil is a “fungible commodity” and is priced by world demand.
And there is a benefit to expensive gasoline, it helps keep poor people off the streets. “Outta my way, peons!”