Economics 101: The Price of Gas explained by Ludwig von Mises Institute and by Ron Paul (Video 1:04):
"The average price of gas in the United States today is approximately $3.25. The question is, why are gas prices not higher than they are?"
"Those who want the government to step in and do something about the high price of gas are either forgetful of recent history or too young to remember the oil crisis of 1979. During that time, restrictions on the price of gasoline led to the inability of some to find gas at all. Price ceilings always lead to shortages. The only thing worse than having to pay "too much" for gas is not being able to find gas at any price.
Let us not be swayed by politicians out for power or by reporters out to create news where none exists. Facts and economic logic should prevail rather than rhetoric."
Read from a reliable source here:
Or Dr Paul can explain it here (Video 1:04):