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...during which he'll discuss that issue along with many others that involve U.S. policy in the region (e.g. Iran, Israel, etc.)...for the moment, however, the constrained supply issue is "Baked In" to our high gas prices...so too are the industry's seasonal changes (see my link).

Also, your post led me to call our family business and economist PhDs...their shared comment was that the current situation is "Inelastic"...i.e. in spite of high prices, there are lots of people on the road...some for pleasure, but many because the have to (work, etc.)...so a short term price reduction (tax relief) won't likely spur a countervailing change in demand...that jibed with my thoughts and the reason for calling them.

There's no need for you to be a "Debbie Downer" ;-)...this is a good thing.