Yep, that pretty much boils it down.

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"In fact, Americans today are using one million barrels of gasoline per day less than we were using in 2006,"
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They need to maintain operating cost and profit by setting higher prices. Basically the less you use the more it cost.
The same thing happen with the increased energy efficency of homes.

Keeping the cost up is all part of the plan.
http://blog.heritage.org/2012/02/29/morning-bell-white-house-wants-to-keep-gas-prices-high/

Obama wants gas to go so high, we'll all agree to put windmills on our cars.
What a peckerhead.