the real reason
2006-08-09 05:12:05 · 22 answers · asked by mrstar4u2 1 in Business & Finance ➔ Other - Business & Finance
goverment and you got to be rich to get it cheap!!!!!
2006-08-09 05:16:28 · answer #1 · answered by jamescoffman1978 2 · 2⤊ 3⤋
Oil prices and supply vs. demand. Oil is a major factor since oil is used to make gasoline. When the hurricanes hit last year, it put a major hurt on the prices because it shut down many of the refineries. With out the refineries, there was a lot less gasoline that could be produced, which in turn made the supply low, demand high, price go up. With fears in the Middle East, we tend to think that the terrorists are going to do something to the pipelines or oil wells which would decrease the amount of oil those countries can export and once again, supple is low, demand is high, price goes up. Also, since this is summer time, many more people are out on the roads for vacation so demand is higher. There are many factors such as this. Even with the big companies supposedly being greedy, the price still had to go up because of those other factors.
2006-08-09 05:19:10 · answer #2 · answered by daveypa22 4 · 0⤊ 0⤋
Because corporations are making money hand over fist. The big oil companies are making high profit on it. They are trying to get the last bits of profit out of the earth before we lose all gas. Watch the Gore movie and see. Also there is a new movie coming out about the electric car. Guess what? They were all out on lease and they were recalled and destroyed. There is still enough oil in the earth for big oil to make some really good money so they want it first. GW is friends with many corporations and he helps with this.
Also they like to encourage lifestyle cars that are large and take tons of gas like the hummer, so they make more money. At this point there is plenty of gas. It will run out. The saudis are not telling us how much they have. It is one of these things where we have a comodity, but we cannot research it so we really do not have a true investment value of it.
2006-08-09 05:18:15 · answer #3 · answered by adobeprincess 6 · 0⤊ 0⤋
Corporate Greed
2006-08-09 05:16:43 · answer #4 · answered by delmonticoman 5 · 0⤊ 0⤋
People like to think it is supply and demand, but it just ain't true. Is the BP oil line in Alaska that badly damaged where they have to shut everything down? Probably not. Creating need due to greed. It's a way to keep the U.S. and China by the short hairs.
2006-08-09 05:17:56 · answer #5 · answered by smecky809042003 5 · 0⤊ 0⤋
Because the CEOs of the gas industry are selfish and greedy. They seek any reason to raise the prices - no matter how small.
2006-08-09 05:16:37 · answer #6 · answered by Oklahoman 6 · 0⤊ 0⤋
Greed
2006-08-09 05:14:31 · answer #7 · answered by FaerieWhings 7 · 0⤊ 0⤋
i watches the news the other day, and it stated that there is a leak in one of the pipes so gas is expected to go up to 4.00 a gallon, but personally i think they just like to **** with our heads. they get a rise from watching people freak out!
2006-08-09 05:16:35 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Because gas is lighter than air. So it rises. Hence; it is high
2006-08-09 05:15:11 · answer #9 · answered by the_big_v 5 · 0⤊ 0⤋
Law of Economics called Supply & Demand.
We demand fuel and they supply fuel. Until such time as our demand lessens, they will continue to supply it at an ever increasing price as we have proven that we will continue to pay that price!
2006-08-09 05:14:59 · answer #10 · answered by kja63 7 · 0⤊ 0⤋
Profit taking on the commodities markets.
2006-08-09 05:22:52 · answer #11 · answered by oohhbother 7 · 0⤊ 0⤋