Why do gas prices keep on going up instead of staying how they are?

Answer 1

Did not the democrats just put a cap on how much oil companies can profit. Thus trying to keep gas prices low.

Answer 2

Come on, do you think a profit [profit defined as earnings over and above costs meaning the income was even more than] $30+ billion is enough?!??! How could anyone afford to live on a paltry $30 billion in only a few months. Sheesh! Exxon/Mobil needs much more than that. I mean these people DO need to eat ya know.

Okay, enough critical sarcasm.
Like others have stated: greed.
I have always wondered how the biggest whiners about severe losses due to "damages from Hurricane Katrina" could still earn billion dollar profits. Guess thoses losses weren't too devastating after all.

Addendum: an old rule of business is to "get what the traffic will bear". So, if they keep going up and we keep paying, they'll keep going up---and, yep, we'll keep paying.

Someone mass produce an affordable, good performing electric or hydrogen or whatever alternative powered vehicle PLEASE!!!! Oh wait, the oil companies wouldn't like that would they? Nevermind.

Answer 3

I apologize for the leftist sycophants who have here-to-fore given you the childish answer of GREED.

Oil is a commodity, therefore it is unusually influenced by scarcity. The human trait that is driving the volatility of light sweet crude (gas) is actually FEAR, not greed. With all of the unrest in the world, their was fear that supplies would become erratic. The spot-traders (men who buy and sell oil supplies) were concerned about future deliveries and therefore set a higher price for gas which slowed consumption. the effect was lower gas prices as inventories rose. Now we have another bugger bear, our unusually mild winter, as of Dec 31, has turned her fickle head and now fuel consumption is up, which has dipped inventories. Concerns by spot traders have caused a shift upward in trading prices to slow consumption. We will see a down tick until the peak summer drive months, fuel will spike again. It's all based on concerns of having enough fuel.

When the government steps in and sets prices, the spot traders no longer worry about inventories. They only buy fuel when it will earn a profit. During the two periods in the seventies when government set prices, we ran out of fuel and our economy stagflated (very bad). Just remember, greed is never the answer, sustainability is.

Answer 4

Actually in Britain gas prices are set to fall!

Answer 5

Greed

Answer 6

Oil company greed (Exxon posted a 40 BILLION dollar PROFIT in only 3 MONTHS, A WORLD RECORD FOR ANY COMPANY ANYWHERE IN THE HISTORY OF THE WORLD). And Bush and his republican parrots and dems hiding their heads don't help because no one will stop them.

Answer 7

because, china (country), is consuming from her surrounding neghbours and they have equal amounts of cars.

Answer 8

greed