What the heck is going on with gas prices?

Answer 1

They yo yo the prices because the oil companies can and do get away with it. The government not only allows it, they encourage it for they are some of the biggest campaign contributors. Let's see, what can we do for them, Oh! lets give them some tax breaks/loop holes. Middle America will always buy gasoline they are a captive audience or should I say , hostage!!

Answer 2

Two well chosen words can sum up high gas prices nicely. Greed. Profit. There is absolutely no need for gas prices to be this high especially since barrel prices have fallen recently. However, the petroleum companies are making huge profits under Bush's presidency and they will continue to rack it in as long as they can. This is the American way! Wait and see....gas prices will fall again sooner than you think because business is hitting a flat top and will be falling. Poor economy means that Bush and his boys will put the screws to the oil companies to reduce prices.

Answer 3

Who knows?...they'll never tell us the truth anyway. Paid 2.47 today and we are told it may go to 4.00 a gallon by summer. If that does't play havoc with the economy I don't know what will. How can it not push grocery bills UP? Just last week I asked a Walmart employee..."why have all the sodas gone up .20 cents? She said everything in the store has gone up!"
It was always known that Americans put up with anything until it affects what they put on the table. Well trouble is comining to America and very soon!

Answer 4

It's no longer a matter of law of supply and demand, it's more of perception in terms of the supply that is coming from OPEC and the rest of the oil-producing countries out there. The market says the supply is tight but I believe it is crap. Just look at the surging profits of the oil companies, BP, Exxon, Shell, etc. etc. They are in the 10s of billions of dollars. Talk about profit for profit sake.

Answer 5

"This time of year, refiners go into a maintenance period where they rejigger their refineries to be able to emphasize gasoline production. What's happened, though, is we've been caught flat-footed. Several refineries, almost a refinery a day, has had some problem of some magnitude," Kilduff told co-anchor Harry Smith. "One refinery is completely off-line and other problems have cropped up to pinch supplies at the moment. We're only running at 58 percent of capacity at the moment."

Answer 6

Raising the price of everything. Been to the grocery store lately? $$$$$$ The big money greed. If we keep paying they will continue. It will not stop until we hurt them in their wallets. By then we will all be too broke to do anything and they will have all the $$$$.

Answer 7

Pure business, we pay the price, we don't have a choice, it goes down a few cents for a week or two and then back up again, we will never see prices go down substantially again..☺

Answer 8

"They" are saying that due to a refinery being down in Texas
and another one needing repairs, that "they" are working on it. Gasoline has jumped up 35 cents in two weeks here.
We are all at the mercy of this crap several times a year, last year it was the Houston refinery and Katrina's fault.

Answer 9

Tax cuts created deficit, which weakened dollar, which made imports of oil more expensive--but hey the rich don't care they got the tax cuts.

Answer 10

Oil companies need to increase there profits and pay their CEO's more bonus money so they can contribute to the GOP elections.