Remember when the price of gas went up 15 cents overnight, and everyone had a fit and demanded that the government step in? Oil prices had just spiked, because the refineries in the US Gulf had shut down in anticipation of Hurricane Ike (most were able to get running again after Gustav, very few were down the whole time).
Only after Ike passed, and the refineries got up and running again, did the price of oil fall to $90-ish, and the price of gas fell again.
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