Gas hits $3.89 in Eugene, John Stewart responds to Bush on $4.00 per gallon gas (w/video)

Last week, President Bush didn't know that analysts had predicted that gas prices could reach as high as $4.00 per gallon nation wide.

This week, gas prices for premium gas in Oregon topped out at $3.89 per gallon at stations in Eugene and Gold Beach.

The average price of standard gas in Oregon is now $3.41 per gallon, up more than $.45 in the last month, and $.70 in the last year.

Analysts suggest that the surge in oil prices, which have hit $107 per barrel, an all-time high, and a steep drop in US strategic petroleum reserves are to blae for the price increase.

OPEC nations recently rebuffed calls by President Bush to increase oil production, saying that "mismanagement" of the US economy is to blame for higher oil prices.