WELL, I'LL TELL YOU IN ABOUT 24 HRS. I WANT TO KNOW IF YOU ALL ARE INTELLIGENT ENOUGH TO COME UP WITH THE CORRECT ANSWER.
Hint - The answer isn't George W. Bush!
2006-08-22 15:52:46 · 31 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
UNFORTUNATELY, THE FIRST 3 ANSWERS ARE WRONG.
2006-08-22 15:56:34 · update #1
IT'S NOT SUPPLY AND DEMAND.
2006-08-22 15:59:10 · update #2
HAHA, IT'S NOT SUPPLY AND DEMAND.
2006-08-22 16:00:37 · update #3
NOPE, IT'S NOT OPEC PRICE FIXING.
2006-08-22 16:01:56 · update #4
HINT: THE ANSWER ISN'T SIMPLE.
2006-08-22 16:02:50 · update #5
I am not that intelligent but I can't wait til I hear your answer.
Here's a shot.....Summer time is usually vacation time for most and a lot of people are traveling, raise the gas prices, make a little money, come winter, lower the price.
Have you ever noticed that they always raise the price of gas around the weekend? Then it drops again around Monday or Tuesday.
2006-08-28 22:14:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
China is the fastest gorwing country in the world and demanding more fuel everyday. The supply has not changes but the demand has gone up. Price is determined by supply and demand as the demand increases and the supply either rise less than demand, stays the same or goes down the price will rise.
2006-08-22 23:01:57 · answer #2 · answered by Michael S 4 · 0⤊ 0⤋
In march, there was a BP pipeline spill in alaska, where much of the U.S-produced oil supply was dependent upon. Since the problem, there has NOT only been a loss in oil, it has also stopped oil production in the area.
Thus, cutting off a big supply of oil in the U.S. which means we would have to depend even more so on oil from the middle east.
Now BP is getting sued for it, and has to pay up about $2 million in fines for the 130,000-270,000 gallons of crude oil lost.
let's hope this problem gets fixed soon.....
2006-08-22 23:05:01 · answer #3 · answered by Sassy Girl 3 · 0⤊ 0⤋
The gas prices are high because of the law of supply and demand. People is willing to buy gas at any given price. We hear people with complaints, but how many actully do something about it. If people buy, the seller rise prices; this is in addition with world economics and in part with terrorism.
2006-08-22 23:01:15 · answer #4 · answered by College Guy 4 · 0⤊ 0⤋
gas prices are high becuase we as americans consume too much gas... It is simple supply and demand. We stop using gas prices go down. Not only that but we IMPORT our gas from other nations so beside paying other for out gas we have to transport the gas here. The machines used to transport gas either run on gas or diesel which in ends rises our prices even more.
2006-08-22 22:58:31 · answer #5 · answered by americasyankee 3 · 0⤊ 1⤋
Because the demand of oil is so high, and oil companies see that reason as an opprotunity to make lots of money.
2006-08-22 22:59:41 · answer #6 · answered by csalm87 4 · 0⤊ 0⤋
It is because of th War in the middle east, the oil prduction has gone down dramaticly, before, they used to produce 1 billion gallons, now they only produce several million.
2006-08-22 22:58:46 · answer #7 · answered by Jonas A 4 · 0⤊ 0⤋
You probably think it's OPEC price fixing. Right? Well if it's not that then hurry up and tell us before the men in black suits find you. ;)
2006-08-22 23:01:12 · answer #8 · answered by anonfuture 6 · 0⤊ 0⤋
I'd like to know your reason.
I think it is because of China and the demand upon the oil supply.
2006-08-22 22:56:13 · answer #9 · answered by Kelli 5 · 0⤊ 1⤋
Our refining capability is lagging behind our use, plus we are too heavily dependent on foreign oil to drive the prices down.If we lower our foreign need then they'll lower their prices.
2006-08-22 23:00:07 · answer #10 · answered by Mike K 3 · 0⤊ 0⤋