Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high.

When it comes to high-priced oil, Congress just doesn’t get it.

WTO’s Global Trade Deal; Ford’s Lowered Expectations; Surprise Decline in Jobless Claims; Oil Drags on Hang Seng; Wider Loss for B&N; Big Oil Spends $1.3 Million in 1Q Lobbying; Bill Miller Joins Ichan in Pressuring Yahoo; IEA to Probe World’s Oil Supply; Medtronic Coughs Up $75 Million to Settle Suit.

The papers today all carry the news that a whopping 81% of Americans, according to a New York Times/CBS News poll, believe that the US is on the wrong track — or to be precise, that “things have pretty seriously gotten off on the wrong track.”

But behind this headline is the finding that spiraling gas and oil prices are of more concern to Americans than the home mortgage crisis.