I don’t believe anything the “feds” say about anything at any time - ever!
They are not the only one say such. But the Feds are the greatest source of data due to the reporting requirements to operate oil/gas companies in the US.
The US oil boom will end because the government will end it.
Gas prices are high now not because of increased demand, there is actually much lower demand for gas in this recession.
Gas prices are high now not because of decreased supply - supplies are at an all time high.
Gas prices are high now because the dollar has been devalued.