I think that it was reported recently that gasoline was now our leading export. If true supply may be dictating the price. I don't think that the US has enough refinery capacity to refine any more oil if we had it.
what is needed to curb this is a transaction tax on trading not so large that it hurts true investors but large enough to make the speculators think twice. I read that 40-50 cents on each gallon is due to speculators driving up the price. It wont solve the problem , but it will help. we are drilling more than we ever have but we don't refine enough of our oil, and it is sold to us at the opec price. these oil producing co's are multinational, not American. They recieve subsidy here and pay taxes in the middle east