It was there in 2007-2008. And really won't last beyond winter. America has a normal stance of releasing gas supplies over the summer for vacation travel. The o

It was there in 2007-2008. And really won't last beyond winter. America has a normal stance of releasing gas supplies over the summer for vacation travel. The only real problem is covering the gap in Europe, which is why prices will go higher then come down in a few months. Unless the oil companies do what all other companies (food etc) are doing and just charge more and make record profits.