I booked a Full-size car in LAX for a summer vacation in July, total cost for 20 days was $470. However as I need to amend the booking by one day due to travel plans change, I noticed that the price goes up by almost double with the new dates for the rental period !!

I ran a new search on Orbitz and it appears almost all the big car rental agencies have upped their pricing by anywhere between 100% to 200% !!!
From a range of $20-24 per day to $42-$60.

This is some serious price increase! Are the companies looking to make, what the renters would be saving with the lower gas prices? Since this is across all companies, and we are still months away from the rush seasons (which starts in May usually), does anyone know whats going on?