2006-10-30 12:29:00 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Commuting
Actually, the Republican President of the US asked his buddies in the Middle East to raise production and lower prices for the US elections coming up in a few days. After they retain power, you can ask your question again. Then the answer will be because the Republicans retained their seats and there is no reason to keep prices artificially lower....
That and every time someone digs a whole to take a dump in Baghdad, hundreds of barrels of oil suddenly disappear from the face of the Earth like magic. Or because somehow a dead cat and a broken Pepsi bottle make oil speculators nervous, so they buy oil futures like madmen, thus causing others to do the same. This rises future prices all over the world, which rises gasoline prices at the pump. Then the media talks to us about how average gas prices are $2.30 per gallon of regular and the very next day, the price at my local pump jumps from $2.10 to....guess what?!
$2.30 per gallon. Perhaps CNN should stop telling us what the average price of a gallon of gas is so we can keep prices down.
2006-10-30 12:49:21 · answer #1 · answered by Giggidie 2 · 0⤊ 0⤋
Child, you have much to learn. You think two or three bucks for a gallon of gasoline is expensive because you have no frame of reference. Years ago, gasoline was a quarter a gallon. But wages were lower as well. As wages went up, the price of gasoline went up. Costs rise. Things get more expensive. Houses aren't ten thousand dollars any more. They're a half a million dollars. New cars are no longer three thousand dollars. They're twenty five thousand. Local calls on pay phones are no longer a dime. They're at least a quarter. Postage stamps are thirty seven cents. At least twice what they were years ago. When you pay 7 dollars a gallon in the year 2030, you'll look back on these days when gas is two fifty a gallon and wish you could go back in time. But alas, when you do go back in time, you'll be making less money. Are you understanding any of this?
2006-10-30 23:07:49 · answer #2 · answered by Me again 6 · 0⤊ 0⤋
I'm kind of suspicious that the oil companies are purposely ripping people off. They found out that they can get what they're currently charging for gasoline, so why not? I'm just waiting for either more terrorism, or an attack on Iran. Then watch gas prices go right through the roof. People will still buy it though, because they have to get to work, and around town. And all along, the oil companies just keep getting richer, and richer.
2006-10-30 20:38:42 · answer #3 · answered by oceansoflight777 5 · 0⤊ 0⤋
Speculators set the price, based on the old theory of "supply and demand"
Ex. When the hurricane season started, there was a possibility that storms would affect Gulf of Mexico oil supply. As the season has progressed and storms have had no affect, that supply was more assured and price went down.
2006-10-30 23:34:07 · answer #4 · answered by frodo 6 · 0⤊ 0⤋
Because of the oil spill,it decreased!Because of the increase of the oil price!
2006-10-30 20:32:37 · answer #5 · answered by i_luv_new_york_120060 1 · 0⤊ 0⤋
Taxes make up most of the price.
2006-10-30 20:36:01 · answer #6 · answered by Thanks for the Yahoo Jacket 7 · 0⤊ 0⤋
the rich greedy oil co.'s have a monopoly and want more money
2006-10-30 22:45:24 · answer #7 · answered by dogpatch USA 7 · 0⤊ 0⤋
cuz of the war situation.
but now its going back down cuz bush needs his republican voted.
so i guess thats a good thing :)
...for the next while.
2006-10-30 20:37:15 · answer #8 · answered by kinna 2 · 0⤊ 0⤋
cause were getting gouged from the oil companies. they make billions and there profits are way up !!!!!!!!!!
2006-10-30 21:51:34 · answer #9 · answered by clay h 1 · 0⤊ 0⤋
Because we want it! And we are paying for it!
2006-10-30 23:04:23 · answer #10 · answered by Faerie loue 5 · 0⤊ 0⤋