There's much more to the price of crude and fuel than supply and demand, as has been pointed out numerous times.
What has been pointed out is various things that affect supply and demand. Where has anyone pointed to anything related to the price of crude (or refined gasoline) in the United States that is outside of supply or demand?
The falling US $$ is a major contributor to the increased price of crude. It has been stated many times here. Pure speculation, or flat out guessing that demand will increase is not a true supply and demand issue. Today we have 2.7% (app 3m/bbls) more crude than we had at this time last year. The price of crude on May 18, 2010 was in the neighborhood of $69. So let's see, more supply today, $30/bbl higher. Supply and demand is not a major contributor anymore.
