So.... why is the price of gasoline so high?

The figures this morning were clear: 8.4 million barrels of oil added to the inventory.... the NINTH consecutive week of increases.

So..... why hasn't the price of gasoline dropped?

You know, the law of economic scarcity?  The more of a commodity you have, the cheaper it's supposed to get?

This does appear to be more market manipulation by the oil companies... there was also a drawdown in gasoline inventories...

Since January 5th, oil inventories have increased by over 48 million barrels.

Gasoline inventories have grown some 30 million barrels plus.

So, why doesn't the market reflect that?

Here in Washington State, we will never really see what you would call "low" gas prices thanks to the betrayal of the GOP-controlled senate and our own Sen. Ann "Gas Tax" Rivers, who pledged to oppose gas tax and tab fee increases as part of her election platform in 2012, only to throw us under the CTran bus... and as a result, we have among the highest gas taxes in the United States.

I'm reminded of that with every gas stop.

But the underlying price has remained stagnant during the past months.

Which begs the question?  What's keeping the cost of gasoline artificially inflated?