$2.50 a gallon is insane, when crude prices are falling back to 2005 levels!! Why so high still??
2007-01-08 01:50:08 · 9 answers · asked by Mike E 3 in Politics & Government ➔ Other - Politics & Government
because there has always been a severe gap in the time between the moment that the oil prices drop and the gas prices follow.
This is the refiner's way of slipping in a little extra $$ without appearing to be gouging the prices.
unforunately there isn't the same time lapse betwen the price of oil going up, and the price of gas following. the price hike is nearly instantaneous.
why does this happen?? because refiners have stock holders to, and they have a margin they would like to push up as far as possible.
2007-01-08 02:26:46 · answer #1 · answered by qncyguy21 6 · 0⤊ 2⤋
The greedy oil cartel needs to maintain its profits. If you think $2.50 is bad, you're lucky you don't live in the UK where we have to pay the equivalent of $6.70 a gallon because of all the taxes.
2007-01-08 01:59:30 · answer #2 · answered by Groucho Returns 5 · 1⤊ 1⤋
It is not the price per barrel that controls the gas prices so much as the taxes that are applied at the pump. New York and PA are two states that have very exorbitant taxes on gas and they are always higher than the national average.
2007-01-08 02:04:45 · answer #3 · answered by Anonymous · 0⤊ 2⤋
I don't know what your talking about? Our prices dropped $0.18/gallon in the last week. Went from $2.19 to $2.01!
2007-01-08 02:13:09 · answer #4 · answered by Mutt 7 · 0⤊ 2⤋
SOS when it was over 3 dollars.
The Saudi's have got us where they want us.......by the b@lls
Thats how they can afford the trillions of dollars to pay for the princes new island utopias
2007-01-08 02:03:20 · answer #5 · answered by Enigma 6 · 1⤊ 2⤋
Exxon needs the money.
2007-01-08 02:04:38 · answer #6 · answered by Anonymous · 1⤊ 0⤋
its called greed! price gouging , which they can do as they have a friend in the white house
2007-01-08 01:57:33 · answer #7 · answered by paulisfree2004 6 · 1⤊ 2⤋
because the gov. can make their money all they care about they dont care about the average people
2007-01-08 01:53:13 · answer #8 · answered by noel22f 3 · 1⤊ 2⤋
It's called PROFIT, PROFIT, PROFIT!
2007-01-08 17:30:30 · answer #9 · answered by wunderkind 4 · 1⤊ 0⤋