There's a big ballyhoo about oil these days. With the turmoil in the Middle East, especially in Libya, the price of West Texas Intermediate (WTI) crude oil is priced over $100 per barrel. Gasoline at the pump is almost $4.00 per gallon.

Why then talk about an oil glut? We should first look at where our oil is coming from. Believe it or not, Canada is the biggest exporter of oil to the U.S. Canada is sending so much oil to the U.S. that our pipelines and storage facilities can't handle it. Reuters reports that our key storage facilities at Cushing Oklahoma are filled to capacity and are not equipped to handle the oil flow.

The average price for a gallon of regular unleaded gas hit a record $3.196, not accounting for inflation, according to the AAA and Oil Price Information Service. If using inflationary terms, 1981's $3.223, we're probably going to surpass that quite soon, heading into the Memorial Day weekend.

If you read Brian White's Gasoline prices go off the deep end on May 7th, you would have read nationwide gas prices surged to $3.07. In just two weeks we've seen a 12 cent bump, and some analysts don't expect the momentum to stop.

According to an AAA survey, some 38.3 million Americans are expected to drive more than 50 miles or more during the Memorial Day weekend, up 1.7% from last year.

With gas prices growing ever so quickly, where do you stand? Do you plan to cut down your traveling this weekend? Will the growing prices reduce your driving habits at all?