Because George Bush makes deals with Saudis about gas. You see, the Bush family has always made money from gasoline trade. With the deals they make, they get the good end of the deal and we get the bad end of the deal. So, while he is benefiting from gas sales, we are slowly drowning in a swirling torent of money sucking government deals and nogotiations.
2006-07-04 02:04:28
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answer #1
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answered by Anonymous
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Ok it's a mix of reasons.
1. Law of supply and demand. More countries are using more and more oil, raising the demand for more and more oil. But there is a limited supply, so prices go up.
2. Oil supply and price is controlled mostly by an oil cartel. Which is a group of oil producing nations that contol how much oil will be supplied at any given time to control prices so no on country undercuts the price of another.
3. Threat of war in areas that have oil will lower the supply even more and even the threat of war can cause the price to rise.
4. Use is high even though prices have gone up. Americans don't act like they care about the price of oil. They complain and complain about the government which has little to no control over the price of oil but they still will go out and buy and drive monster SUVs that get like no miles to the gallon.
These are just some of the reasons but they give you a start of some of the main factors.
2006-07-04 02:07:43
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answer #2
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answered by John 6
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speculation, Gas is a commodity. This allows everybody to trade it. There is a large group of people speculating on the price of gas. By them buying and selling futures they cause large swings in the price of Gas. They do not want the gas they just want to make a profit off of its price. All commodities go through this. Something in the future will change causing a large portion of the speculators to leave the futures alone and the Gas price will normalize.
2006-07-05 15:39:06
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answer #3
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answered by ? 6
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Supply and demand. Limited countries have the supply and the demand for gas is getting greater. Why? Because we are spoiled, lazy, little people. We are consumers regardless of the effects on the environment. So we buy more gas at whatever the cost - deal with it
2006-07-04 02:05:08
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answer #4
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answered by TBor ROCKS 3
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gas is made from crude oil, crude oil is sold on the world market, and as such buyers bid on it. The high bidders get the oil! This causes all oil buyers to pay the world wide bid price. Price is affected by quality and availability. The age old answer is Supply and Demand!
2006-07-04 02:07:39
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answer #5
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answered by Pobept 6
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Demand is high and peak oil (no more oil is being discovered) has been hit so supplies are only going to fall from here.
High demand, falling supply means high prices.
...and yes, part of this was orchestrated by Cheney's energy task force. It was a windfall profit plan for the oil industry and military-industrial complex.
2006-07-04 02:06:08
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answer #6
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answered by ideogenetic 7
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Because of these reasons
1) the gasoline producers found out people would pay $30,000 for an auto.
2) they also found out that people would stand in line to gamble large sums of money
3) they also found out people we making more money
4) people let them know they were right, because no one is complaining at an alarming rate
2006-07-04 02:07:06
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answer #7
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answered by man of ape 6
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Greed
2006-07-04 02:01:17
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answer #8
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answered by Carl M. 4
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becuase really it is about money and if the big companies can make a little more they will
2006-07-04 02:01:49
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answer #9
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answered by nubes_azules 2
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Because republicans are in office.
2006-07-04 02:00:03
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answer #10
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answered by fly_your_flag_high 5
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