who decided that gas prices should rise to $2.50 and up.Please anwer this question ASAP!
2006-09-25 12:54:08 · 16 answers · asked by Future Basketball Playa #3 2 in Politics & Government ➔ Other - Politics & Government
Summer travel and knowing that people are still going to travel and industry can make more money! Now that summer is over - the prices are appearing to drop!
2006-09-25 13:21:22 · answer #1 · answered by Glory 5 · 0⤊ 1⤋
Forget all the supply and demand hooha that you've been reading. It's all about GREED. ALL the oil companies announced RECORD BREAKING PROFITS for the last several quarters while we've been suffering these price increases. If that ain't greed then I don't know what is... Oh yeah and NEVER forget that Bush and Cheney are oil men, I wonder how Halliburton stock is doing these days?
2006-09-25 13:04:05 · answer #2 · answered by Ren Hoek 3 · 0⤊ 0⤋
There is this thing with supply and demand. The prices of anything depends on what the economy is asking for and how much of that product is being produced. Inflated gas prices are the result of too much demand and too little production. The production of oil also has somethin to do with it.
2006-09-25 12:57:56 · answer #3 · answered by lady_lbrty 3 · 0⤊ 0⤋
First of all according to the laws of economy if prices are rising then the demand should decrease. The fact that demand continues to increase tells me that gas prices aren't that high.
2006-09-25 13:03:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Uncertainty in the middle east. damages from Hurricanes, the Alaskan pipe line being off line.
What is bringing it down? Less demand, no hurricane damages, alaskan pipe line ready to go back online, cease fire in israel and lebanon, discovery of more oil ( many gigabarrels ), more drilling leases in the gulf of the coast of florida, and if chavez keeps running his mouth, we might have to go there and take his oil from him.
2006-09-25 13:15:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Corporate greed
2006-09-25 13:01:31 · answer #6 · answered by First Lady 7 · 1⤊ 0⤋
Well i guess it wouldn't help that the D.O.E appointed buy every ones favorite president, is made up of fat cat oil tycoons now does it?
2006-09-25 13:02:01 · answer #7 · answered by oderus138 2 · 0⤊ 0⤋
High demand for oil and a low supply of it.
2006-09-25 12:59:43 · answer #8 · answered by Got pretzels? 2 · 0⤊ 0⤋
Demand and the Alaskan pipeline being taken off-line. Demand is now down and the pipeline is back on-line now.
2006-09-25 12:57:08 · answer #9 · answered by Bawney 6 · 0⤊ 1⤋
Pretty girls in bikinis cause them to rise!
2006-09-25 12:56:01 · answer #10 · answered by Sammy 3 · 2⤊ 0⤋