DS Gas Price Excuse Tracker - Update!

According to CNN HLN, the gas prices going up IS because of the situation in Libya.

Even though Libya supplies only 2% of the world's oil, they claim, it's a very rich type of oil that is used for blends. Libya's largest customer is primarily Asia.
So....if Asia can't buy Libya's oil, they will have to buy oil from Algeria and Nigeria, which according to the CNN report, is where the United States buys ITS oil from.

That's a new one! That would almost conflict with about half of the previous excuses, wouldn't it? Algeria and Nigeria? Really?


DS Gas Price Excuse Tracker for reasons that gas prices increase:

1. Winter months, heating
2. Hurricane in Gulf of Mexico
3. Manufacturing demands by industrial nations, i.e. China
4. Americans and SUVs
5. Market speculation
6. March and April "pressures on refineries"
7. Tensions in Middle East
8. A whale died in the Atlantic
9. A turtle sneezed in the Pacific
10. Global warming
11. Pollen levels
12. Jupiter's red spot
13. The dog ate it.
14. Gas prices take a while to come down because the stations are still selling what they bought at the higher prices
15. Gas prices take no time at all to skyrocket overnight, because reason #14 doesn't apply the other way around.
16. Oil up to pay for alternative resource research
17. Because OPEC says so!
18. A special summer blend is more expensive than the winter blend, as it uses special ingredients! But I thought it was higher in the winter because of the heating demands?
19. Summer vacation, kids are off! And since they all drive cars, this makes total sense!
20. Memorial Day weekend and Independence Day, even tho it's still May and that's in July.
21. Weak dollar causing gas prices to rise
22. Strong dollar gets it back under $80
23. Fuel supply shortage (because OPEC cut the supply in half, right?)
24. Dollar against the Euro
25. See #1 - winter heating, as it got cold in some parts of the U.S. in October, thanks to...global warming?
*NEW*
26. Libya. It's all about Libya
27. No it's not, says Saudi Arabia. Everything is fine. Not sure why the high prices.
28. Gas station owners raise the prices ahead of time, expecting oil prices to go up. But then that means #14 can't be true!
29. Because of the unrest in Libya, more countries are buying from Algeria and Nigeria, which is where the U.S buy its oil from!