Oil is traded world wide in US dollars which have been driven down in value due to obama's quantitative easing. The more dollars he prints the less they are worth and the more of them it takes to buy a barrel of oil. Add to this his anti fossil fuels drilling policies and rhetoric and here we are, you knock the hell out of a hundred dollar bill every time you fill up. High gas prices equal a sluggish economy, works every time it's tried. Nice work obama.