The turmoil in Libya, Bahrain and elsewhere in the Middle East is playing havoc with crude prices.
Ultimately, this is going to settle down as other producers make up the shortfall, but you've probably already noticed the spike at the pump.
Big Government actually likes higher gas prices, because of the taxes they collect. In my home state, that means .60 to .80 per gallon, depending on local sales taxes.
Perhaps one day we'll start drilling our own oil, gasifying our coal and processing the shale in the Rockies and elsewhere..but certainly not while Obama is president.