Why have gas prices raised so much in the past few days when the cost of oil per barrel has gone down? Is there a true need for the increase or is it pure greed? Anyone know any good sites that will tell me more information about this?
2007-03-12 09:22:04 · 6 answers · asked by CuriosityKilledtheCat 2 in Social Science ➔ Economics
my cat is for sale - three dollars for everyone but you - for you it is $15. You want my cat? Then buy it
2007-03-12 09:27:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The true reason for the higher price is the steep drop in the value of the US dollar. The price for a barrel of oil will most likely never go back under $55 and with the way the US money press is working 24/7 its likely to keep going up due to inflation and othe matters such as war tensions.
The prices were artificially low to begin with...the oligarchs know how to keep the masses "happy". Notice how peoples moods are determined by gas prices and stockmarket numbers?
As for websites...its kinda hard to point to an exact one since there is a tremendous amount of mis-information out there. I personally fan through dozens and connect the dots..never rely on just 1 or 2, no matter how much you trust them.
I dont like refering too many ppl I dont know to certain web sites because I dont know their level of conditioning.
But heres a forum I used to frequent as I was learning more about the world around me. I definitely dont subscribe to all the items posted here, but you can definitely find some diamonds in the rough. you will never find just one site that explains everything in the fashion you need. use the search engine at the site to look up specific topics..that definitely helps. http://conspiracycentral.info/index.php?act=idx
2007-03-12 16:45:47 · answer #2 · answered by sentient 2 · 0⤊ 0⤋
You assume there is a direct relationship between oil and gas. This is not necessarily so in the short-run, and because the markets are different. In the short-term, gas prices are determined by the supply of refined gasoline and the demand for that gasoline. If the demand for gasoline increases and the supply remains the same or falls, the price will go up regardless of what oil does.
2007-03-16 16:06:14 · answer #3 · answered by JimTO 2 · 0⤊ 0⤋
gas price depends on weather, current stocks, day of week ... oil price movements take a while to trickle down to "price at the pump"
And yes, gas companies set the price that they want.
If anybody sets lower price, others drop price to cost to punish the deviant.
The way to fight them are:
1. Buy a hybrid
2. Use public transportation
2007-03-12 16:56:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Based off inflation gas price equalibrium should be $2.70 per gallon. Add supply & demand to equation and equalibrium is $2.95-$3.15 per gallon.
Inflation reality check.
1980's Gas per gallon was 1.10.
1990's Gas per gallon was 1.40.
2000's Gas per gallon was 1.77.
(Average).
Using a "Cost of living calculator" the infalted price should equal out at $2.70 per gallon.* Reality is that the price per gallon at $2.30 is less than the inflation adjusted price.
Add the shortage to refine gas prices (New Orleans & lack of new refineries) well equalibrium really is near $2.95 - $3.15 per gallon.
Be happy you're only paying on average $2.30 per gallon. Ah, but u're secretly paying it in other government costs. Nothing 4 free baby.
2007-03-12 18:34:16 · answer #5 · answered by Giggly Giraffe 7 · 0⤊ 0⤋
The bottom line is: They charge more -- because they can.
2007-03-12 16:33:44 · answer #6 · answered by BobbyD 4 · 0⤊ 0⤋