We have been hearing about the rising price of gas, but it appears that the oil companies are on a path to increase revenue and profits.   Is it really about supply and demand?

Analysts last week predicted an 80% chance of gas reaching $4 by next Summer, but it appears that before the end of the month we could be seeing gas in the $4 range, as we are over the $3.50 mark for regular unleaded in many parts of Southern California.

What is really driving this rise in gas prices? Supply and Demand?

In the last couple of weeks

$3.79 for regular in the Fairfax District

Gas prices usually go down during the Winter months.

Blame on rising energy demand overseas? Demand?

Record price was $4.62 in June 21, 2008 in the Los Angeles area.

We have seen prices around town in the $3.10-3.20 but those could be gone in the next week.