Crude Oil (petroleum); Dated Brent, US$ per barrel As of: Wednesday, February 22, 2012 was $123.07.  Source: US Energy Information Administration

So while the price of crude oil increased by 6% since this time last year, the cost of gasoline increased by 10%.  Why the difference? 

It’s the speculators!

An excess profits tax is appropriate but it won’t be implemented.

Source for gasoline prices is the AAA.