why has the price of oil dropped but the price of gasoline sky rockets? whats goin on??

Answer 1

The oil companies had a cartel and they manipulate the price of oil. People just fell victims to these predators.

Answer 2

Even when Oil prices drop, gas prices will soar. The Oil companies have a tight hold on our elected officials with money support and other "gifts" and "grafts." And, the Oil companies know WE need gasoline to get anywhere today. Towns and cities are so spread out, it would take too much time to get to one place to the other by horse, bicycle or other non-gas (or fuel) transportation. Think how long it would take to get to work walking if you live 10 miles from your job.

Oil became the money tree when Nixon took us off the Gold Standard. It didn't help that FDR had stolen America's Gold Reserve and Sold it to the European Bankers (which is called the Federal Reserve in the U.S.). And, because oil is not stable as gold is, the price of Gasoline will always be in flux.

Interesting that Gasoline is a byproduct of waste material left after the rest of oil is stripped of useful portions. In fact, prior to the first gasoline engine, the byproduct used to make gasoline was thrown away.

Answer 3

The price of oil is stable. The gasoline market is being deliberately manipulated to boost profits. The scarcity is manufactured. Consolidation within the oil industry during the last decade as the underlying reason for repeated spikes in gas prices. America no longer has access to adequately competitive gas markets. Five of the largest oil companies now control 50 percent of U.S. refinery capacity (versus 34 percent in 1993) and 62 percent of the retail gasoline market (versus 27 percent a decade ago).

This gives the oil industry unprecedented ability to manipulate the market.

An effective solution is for the federal government to mandate that refiners increase their supplies of gasoline and release it into the market when prices increase, thereby limiting price-gouging.

Answer 4

Simple. You will always pay for it no matter how much it costs. You will go without new clothes, movies, or eating out before you stop buying gasoline. BP was caught manipulating the propane market. It happens. Even if everyone in the US drove a Prius, the price would still go up. Why? Because it can and there is nothing we can do about it.

Answer 5

the prices you see for oil, and gas are future contracts bought in advance. oil can drop as they get a cheaper futures contract price, but the actual stockpile of gas can be low and the price stays the same or can go up or down based on how much reserve we have at any given time.

Answer 6

The price of a barrel of oil has not dropped. Was about $73 today.

Answer 7

The price of oil dropped?

When?

Answer 8

What about $6 billion dollar profit confuses you? The oil industry is going to make as much as they can. GWB and his family and friends hold many stocks in the oil industry and are making money hand over fist. And that's why!!

Answer 9

the american oil companies are ripping us off thats whats going on.
and the government wont make em stop coz they are gettin their share. they created a new tax called profit tax on the oil industry.

Answer 10

Being incorrect is sometimes a getting to understand adventure (or it could be). many times, you could learn greater via being incorrect than you're able to be from being good. unusual how maximum religions seem to think of that existence isn't a getting to understand adventure and that some variety of eternal existence is the "fee" for being good or incorrect.