2006-07-07 11:15:27 · 16 answers · asked by jantellove 1 in Cars & Transportation ➔ Commuting
When the Chinese economy stops demanding all the petroleum that it is currently using for all of its new businesses and employees, which it was not requiring just a few years ago. Yep- high gas prices are one result of outsourcing jobs to China, amazing isnt it?
2006-07-07 11:20:38 · answer #1 · answered by bmwdriver11 7 · 0⤊ 0⤋
The gas prices may go down after the summer season, but i dont think by much. Since demand is high at the moment, the oil companies are profiting greatly from our money. If they can profit at a specific price without demand going down, i think they will keep raising the prices. I only think a nationwide boycott or an alternative fuel would reduce the prices drastically.
2006-07-08 16:20:01 · answer #2 · answered by Craig C 2 · 0⤊ 0⤋
I answered this question before and got best answer...let's see if I can go two for two.
Gas prices will likely stay elevated through the summer and then drop slowly throughout the fall and winter. Supply in the US is higher in summer and tends to decrease after labor day. As such, gas prices also tend to trend downward. However, the prices do not trend back below their previous year's lows. That way, when they begin to increase next summer, they will have a higher starting point, creating less resistance to ever increasing prices. If this is sounding like a scheme to you, that is because it is. The only way the US can really make any inroads in this pattern is by reducing our energy needs or dependence.
That means you either need to find oil in your backyard, or convince all of America to ditch their 12 mpg sport utes.
2006-07-07 11:26:46 · answer #3 · answered by But why is the rum always gone? 6 · 0⤊ 0⤋
When China and India are finished using oil. Folks the reason the price of gas is so high is because demand for crude oil, has gone up, China and india are having an industrial boom that needs oil. Gasoline is made from refined oil. But the supply of crude oil is fixed. We cannot easily drill for more, nor can we refine gasone any faster than we do. The refineries we have are running at peak capacity. The newest refinery we have is 30 years old.
This is not the President's fault either. He does not set the Price in any way. You Enviornmentalists are partly to blame. Envionmental laws prevent the USA from drilling for more oil on our coasts. Evironmental laws also prevent us from drilling in the Alaskan National Wildlife Refuge--Which is where a lot more oil is.
Environmental laws in the USA also prevent the USA from building any more oil refineries. So we cannot refine more gasoline at a faster rate than we already are. Because of these factors Supply is FIXED. But thanks to China and India needing more Oil to fuel their industries, DEMAND has skyrocketed. If supply is fixed, but demand increases dramatically, you pay a higher price! Welcome to reality you environmentalists. Why don't you eat a White-horned spotted owl?
Also, those of you pacifists out there, part of this is because Iran and North Korea are both threatening the world with NUCLEAR WEAPONS. If they set off these weapons, the tankers won't be able to get into the middle east to get more oil. This makes oil traders scared, so they bid up the price of TODAY'S oil even higher, Because it might be the Last oil we get. So you pay $3.05 a gallon. That is cheap actually. In Europe, they pay $5.00 per gallon and don't know why you are upset. Get out your skateboard.
The price is high because supply is fixed, but demand has increased.
2006-07-07 11:45:28 · answer #4 · answered by stick man 6 · 0⤊ 0⤋
first off, are you laughing about high gas prices?
then its not the presidents fault. I read in time a while back that the economy is usually 10 years behind the presidents. So what was happening 10 years ago in presidency? Bill clinton was 3 years into his first term and not long after the monica junk happend then they tried to impeach him.
So wait 10 years and see what happens
2006-07-07 11:31:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
EXACLY!!! They are charging just regular for like $3.25 a gallon!! My parents are angry because they have to keep wasting money on this gas, which runs out so quick! The president keeps raising these prices! He needs to understand other people are down in the dumps about these prices!
2006-07-07 11:21:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
not as long as the current administration is in power!! many of you here say that bush doesn't have anything to do with gas prices?? well maybe he doesn't control them , but he sure in the hell isn't really doing anything about his oil buddies making huge amounts of cash sticking it to the consumers, all the while collecting subsidies from the tax payers. we are getting the shaft both ways all under the glowing watch of bush incorporated. alot of the oil run up has to do with speculation not supply/demand. the speculators have a free reign right now and no one in the gov. wants to do anything about it because they are bought and payed for by big oil!! these world crisis situations have been going on for decades, but only under bush have the speculators been allowed to manipulate the market price Of oil. if you cant see that then you are blind!! or maybe you are making money off of it as well so you conveniently deny it????????????????
2006-07-11 02:20:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Hate to break it to you but the prices are going to stay like this. The same thing happened in the 70s. The only difference is that the economy can handle the pressure.
2006-07-07 11:21:47 · answer #8 · answered by bubbas4x4gasm 4 · 0⤊ 0⤋
They will drop dramatically once we find an alternate fuel source causing the supply of gas to go up and the demand of gas to go down.
2006-07-07 11:22:56 · answer #9 · answered by mgctouch 7 · 0⤊ 0⤋
Iraq
2006-07-07 11:19:35 · answer #10 · answered by Anonymous · 0⤊ 0⤋