when I came here gas was $0.25/gal, cigarets were $0.25/pack, loaf of bread was $0.25.....wages were around $2.=/hr
Now bread is around $3.=, wages around $35.=/hr, cigarets..???
2006-07-07 00:38:07 · 14 answers · asked by ljmuller 1 in Business & Finance ➔ Corporations
Various reasons, but most of the cost of gas comes from the price of crude oil, which has gone up recently. There are many reasons for the increase in the price of oil, which is set by the traders on the futures market. They're up on the uncertainly of the future supply and also on the strong and increasing demand for oil.
There's a decent article here about it: http://www.npr.org/templates/story/story.php?storyId=5365439
2006-07-07 03:36:07 · answer #1 · answered by Arbitrage 7 · 0⤊ 0⤋
For most gasoline buyers, the more important question is "what percentage of my total cost of vehicle ownership is comprised of gas"? For drivers who do not own their vehicle outright (if they have a loan or lease payment...of say $300 per month), gas price inflation is less important in making ends meet as paying off their loan or switching from leasing to owning.
2006-07-07 22:14:19 · answer #2 · answered by camillus 1 · 0⤊ 0⤋
Quit smoking, it'll not only save your lungs but your cash.
Don't complain about Gas prices
1. they ruin the atmosphere,
2.get a bike, it'll keep you healthy and save you money on fuel.
3. If you think gas prices are bad in America, come over to the uk :D.
2006-07-07 07:42:22 · answer #3 · answered by Ajescent 5 · 0⤊ 0⤋
Corporate America *aka Republicans...........and NO we are not running out of oil, we have enough oil under the states of Texas and Alaska to last for the next 500 years
2006-07-07 09:39:33 · answer #4 · answered by business in texas 2 · 0⤊ 0⤋
Corporate Greed.
2006-07-07 07:41:25 · answer #5 · answered by Andrea F 4 · 0⤊ 0⤋
Taxes are one reason, but also oil/gas is becoming a more scarce resource and OPEC and other oil companies basically have a monopoly on it and know we will payvirtually anything to be able to drive around.
2006-07-07 07:44:42 · answer #6 · answered by generalgrievous16 2 · 0⤊ 0⤋
Our president is in the oil business. He wants more money for his friends and family. I say lets start using alternative fuels now and put the greedy bastards out of business.
2006-07-07 07:42:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Supply and Demand..We need it...they know it ..and we will pay for it..welcome to the Bush Dictatorship..eh when Clinton was the man I paid $ 0.89 for a gallon of gas...$1.89 for cigs...and bread was $1.79....
2006-07-07 07:44:37 · answer #8 · answered by Anonymous · 0⤊ 0⤋
We are running out of oil, inflation and the troubles with Iran and Iraq.
2006-07-07 07:41:32 · answer #9 · answered by Anonymous · 0⤊ 0⤋
It's called inflation.
If you want to reduce inflation you can drop me a line.
Top 4 Answerer in Business & Finance. (Vote for me)
2006-07-07 17:20:01 · answer #10 · answered by Anonymous · 0⤊ 0⤋