(BMG) - Gas prices have increased 60% over the last 4 months and are now over US$40.00 per gallon meaning more than US$3.80 per gallon at the pumps. At the root of the global problem, Mr. Purnomo said, is global demand for oil that is far outrunning forecasts. "Everyone got it wrong," he said, adding that OPEC was awaiting the results of a study about the effects of oil prices ranging up to $74 a barrel over the long term, rather than the range of $32 to $38 a barrel the cartel had assumed before. The benchmark grade of light, sweet crude for June delivery closed at $70.92 a barrel in New York, down 58 cents from Wednesday's close. Meanwhile, the average joe is working harder at hating arabs and people that sell SUV's in general.

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