There is no shortage of oil. Or gasoline in the U.S.

A report on Fox News yesterday said that U.S. refineries are SLOWING DOWN production this week as gasoline storage facilities are reaching full capacity.

Ethanol stock prices are falling, as ethanol profits are in decline, and there is a hold on new ethanol construction because ethanol producers have full tanks and can't move the product out of the mid-west fast enough.

The price is up primarily because the U.S. dollar is weak.
Also, OPEC has lots more customers these days, so the U.S. has much more competition now than it did just one or two decades ago. ( read into that China and India are buying oil in large quantities for the first time )