The price at the pump jumped more than a quarter in a single day! At the same time, the price of oil dropped from $60 per barrel to $58. Something is wrong here. I smell price gouging.
2007-02-16 07:16:22 · 6 answers · asked by DT 1 in Cars & Transportation ➔ Other - Cars & Transportation
I realize that factors such as pipeline closures, refinery problems may influence this also, but I wasn't able to find any of these to justify the recent increase.
2007-02-16 07:50:43 · update #1
After buying the oil, it must be transported and refined. Those variables combined with hazards and overall production volume affect price to the consumer. Oil production is a complex manufacturing and distribution process that doesn't just rely on one variable.
2007-02-16 07:24:36 · answer #1 · answered by Anonymous · 1⤊ 1⤋
You dont think twice when buying a bottle of water for 1.25 /16 ounce...Gas is dirt cheap.
2007-02-16 07:43:42 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Because G W Bush and his friends need to make more money. :P
2007-02-16 07:24:04 · answer #3 · answered by jonwalkerr 3 · 1⤊ 1⤋
Do you know what your esteemed President did before his brother won him the election?
2007-02-16 07:28:30 · answer #4 · answered by Dent Doctor 2 · 0⤊ 2⤋
I call it 'creative accounting.'
2007-02-16 09:20:11 · answer #5 · answered by ericscribener 7 · 0⤊ 0⤋
because oil companies suck and are full of criminals
2007-02-16 07:24:09 · answer #6 · answered by lynds620 2 · 1⤊ 1⤋