(Increased global demand) + (oil production at full capacity) + (slumping stock markets) + (saber-rattling) = Skyrocketing gas prices

Prices rise in response to Libyan threat to cut production (Libya is responsible for 2% of world production) in response to US law.

$143 per barrel of oil.

Israel's dry run against Iran drove prices higher.

Way to help push the Middle East towards to the brink of war, Greece.

This graph kind of puts today's prices in perspective. The graph is denominated in 2006 US Dollars. On 9/11, the median world price was $26.90. Today, oil is trading at $143 per barrel. Simply amazing.