2006-08-05 07:42:53 · 15 answers · asked by Kennedy C 1 in Cars & Transportation ➔ Commuting
Because cost of crude oil is controled by mideastern countries that hate us and want us dead.
2006-08-05 07:45:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It's the same old game being played-supply and demand.
Let's face the truth of it. The big oil companies, that control the supply by slowing down production, can now demand a higher price. Even though consumption has remained about the same since 2000, prices will continue to rise even with high inventories of fuel.
We Can Get Even Though.
Walk to the local store or ride a bicycle. Get a scooter(my Reflex gets 70MPG!) to run errands and commute to work on and leave the SUV in the driveway. Don't want to ride a bike get a small car that sips gas. Use public transportation if available.
Our Fathers had to deal with the oil troubles in the 70s, can we not show the WORLD how conservation is done now!
2006-08-05 08:31:53 · answer #2 · answered by csburridge 5 · 0⤊ 0⤋
It’s a very complicated issue with many reasons.
some of them are as follows:
World demand is at an all time high, china's huge increase in usage alone has thrown the world's supply up to never before seen levels.
a large amount of the worlds oil comes from the mildest, there are a few wars going on in that area, causes prices to rise as the supply is in risk. Even the oil that comes from areas not in the mildest are affected as oil prices are set worldwide.
In the US, we have a huge shortage of refineries to make oil into gas, environmental concerns have kept us from making a new refineries for many many years.
The refineries we do have, well many of them were damaged or destroyed last year by the hurricanes, many are not yet back up to 100% and the new storm season is just starting again.
One way to look at things is even with gas at such a high price, over all in most areas, it is still cheaper then milk, and we make more milk then we can use! allot goes to waste! It’s still a good deal, but adjusting will take some time. Me, well I don’t really notice the gas prices to much as I moved to under 5 miles from work, I don’t understand why it seams most people live on one side of town, then work on the other, just dumb if you ask me.
oh one more I just though of, with this heat wave we just had many electric companies are struggling to keep the power on, running most of the power plants full out at 100% that uses allot of fuel (yes I know they use many different kinds of fuel, but that can still affect the gas prices.
some morons on here by now have probably blamed bush, well that show a moron that cant think, the president has very little to do with the gas prices, and cant really do much to make them go up or down.
others my be yelling about how the oil companies are just greedy and making a billion bucks. Well again they seam to forget that world wide usage is at a all time high, it makes since if your sales are at all times record levels, your profits will be do, they are not a charity, its a for profits business. They are even putting allot of this money into finding better cheaper fuels as they know if the prices keep going up people will stop buying then they will have no profits.
ok, this is getting to long lol sorry about that, I will leave it as it is, that’s enough for you go chew on for now.
2006-08-05 08:01:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Some people say there's too many new cars in China and India so their demand has increased. Others say its dangerous to get oil from the Middle East. Also a while ago there was an oil spill that cost a lot to clean up.
So basically too many people want gas and there's not enough to go around.
2006-08-06 14:16:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Simple, oil companies like profits. We are paying the price (because we don't have a choice) they list and they are making record profits. I just wish I could figure out how to make my products and services in such high demand I could make that much money... One day I will.
By the way, you should search this question... I have answered about 50 of these probably... and on some of them I get much more detailed on economics and capitalism.
2006-08-05 07:49:27 · answer #5 · answered by ubet426 4 · 0⤊ 0⤋
Gas prices are high because the market can take it. When people stop buying it the price will drop (supply and demand).
2006-08-05 07:47:30 · answer #6 · answered by doggiebike 5 · 0⤊ 0⤋
Demand on oil is high while supply is tight. I heard oil refineries in the US and the world runs overdrive, almost reaching to the full capacity to meet the demand on gasoline.
With economy of China and India on the high growth, the oil is becoming scarce resource. I read that because of limited supply, China is aggressively go to countries in Asia, Africa, Latin America, etc. to get oil to meet her huge need of energy.
2006-08-05 07:52:45 · answer #7 · answered by teddybear1268 3 · 0⤊ 0⤋
due to two reasons principally: 1) reduction of oil export from the middle-east due to on-going wars. 2) closure of BP's facilities in Alaska - this supplied up-to 10% of US gas (consumption).
2006-08-09 07:03:43 · answer #8 · answered by ArgumentativeButNotInsulting 4 · 0⤊ 0⤋
Supply and demand. And the fact that we will buy from other countries and not tap our own resources. Greed runs the whole process.
2006-08-05 07:47:11 · answer #9 · answered by cdfrx 2 · 0⤊ 0⤋
Because the U.S has invaded Middle Eastern soil
2006-08-05 07:46:05 · answer #10 · answered by Bad Boy 2 · 0⤊ 0⤋