The scary part is that the U.S. cannot really control its own destiny when it comes to oil. We are dependent on the Middle East. Commodity prices are a function of supply and demand. The Western world is completely dependent on the oil producing nations of the Middle East to produce the oil it uses. We know demand will not slow and it appears that supply is slowly being increased but not nearly in time to feel any price relief this winter.
Prices fall as supply increases throughout the system.
An increase in oil production today will take months to travel through the entire pipeline and change prices at the pump and in your home. Meanwhile, airlines, truckers, shipping companies, and all other industries, which use transportation to ship their products, will experience higher fuel costs. This will result in corporations passing costs along to the customer. Companies exist to sell their goods at a profit. Wall Street demands certain margins and profit levels or stock prices will fall.