OK gas was 2.75 before the weekend. It went up to 3.09 in less then 4 hours. Is this happen all over? here in (Indiana) it goes up and down. Which i think that it all is bull****.
2006-07-05 03:38:41 · 9 answers · asked by freebirdat2002 2 in Politics & Government ➔ Other - Politics & Government
Remember who Indiana voted for in the last Presidential election?
Need I say more?
2006-07-05 03:46:20 · answer #1 · answered by quikzip7 6 · 8⤊ 1⤋
Haven't you noticed that when the nation celebrates a holiday. the prices go up? Wheee! God bless America! And then after the holiday they go back down but usually not quite as low as they were before. Its just like the frog in the boiling water, raise it a little at a time and nobody says a thing. We are being played for fools.
2006-07-05 10:44:54 · answer #2 · answered by changRdie 3 · 0⤊ 0⤋
It's a "commodity" like wheat, orange juice or pork bellies. The price fluctuates due to "supply and demand"
India & China are sucking up world supplies and crude futures due to rapid growth.
The US imports around HALF of it's demand. Environmental laws make it more expensive to refine crude. Americans like BIG cars with FAST engines and don't like to CARPOOL or use MASS TRANSIT and we are the world's largest IMPORTER of crude. STATE, LOCAL and FEDERAL TAXES add from .25 to .75 cents per gallon. US consumers do not want to drill in some areas that are KNOWN to have large crude resources (Alaska & Offshore)
This is the first time the worlds SUPPLY of crude oil is being matched by DEMAND. Oil suppliers are charging what the market will bear. Supplies are not expected to increase anytime soon. Until we reduce our demand by conservation or increase our supplies get used to these prices.
2006-07-05 10:42:22 · answer #3 · answered by R J 7 · 0⤊ 0⤋
It depends on the suppliers. The nations that send us their oil look at their national problem before setting a price. If bombing are happening in Iraq, then they are most likely to increase and vice-versa. Also it depends upon the amount of oil been produced. Iran is not producing as many barrels of oil as before the whole Nuclear thingy.
2006-07-05 10:43:50 · answer #4 · answered by G Spiro 1 · 0⤊ 0⤋
Demand is close to supply. The oil companies have consolidated until we have an oligolopy. The Iran government is scaring the markets. The Venezuelian government is demanding a bigger piece of their pie. It's economics. Check your tire pressure. Tune up your car. Consolidate trips. Use public transportation, bike, walk...
2006-07-05 10:42:55 · answer #5 · answered by Mark 5 · 0⤊ 0⤋
I'm in Indiana, too, and my dad saw on T.V. where they did a study and it showed that it is higher here than anywhere else. It's because GWB is in office. The sooner we get him out, the better.
2006-07-05 10:43:59 · answer #6 · answered by rinehartstacy 2 · 0⤊ 0⤋
Greed
2006-07-05 10:45:16 · answer #7 · answered by kendiane 3 · 0⤊ 0⤋
i live in indiana too and i think the gas prices suck. but in reality they can charge whatever they want, because we all need to drive so we can bitchh and moan all we want, but we're still gonna pay the price!
2006-07-05 10:48:01 · answer #8 · answered by Coltsgal 5 · 0⤊ 0⤋
idk i just eat a sandwich and start skating
2006-07-05 10:40:19 · answer #9 · answered by Anonymous · 0⤊ 0⤋