Are the recent gas price hikes a matter of speculation or just plain greed?

Question

In the past the reason given for the price hike in gasoline were mainly a shortage of supplies. But it has been proven that a shortage cannot be the possible without manmade influence such as deliberate slowing down of drilling or deliberately not building enough refineries to handle the high demand for gas products. However, there is possible another more obvious reason for the gas hikes such as no competition with other sources of energy that can take the place of gasoline like wind and solar, electric technology that the voters turned down in the last election that would have brought about the right kind of competition to help the price of gas products down. The next time someone comes out with a measure to help bring down the price of gas like another source of energy like proposition 87, lets vote yes on it and run these greedy price gouging oil executives back to the bargaining table!!!!

Answer 1

Econ 101: Supply and Demand

Answer 2

you don't be attentive to cutting-edge background. each little thing Obama has completed has led to gasoline fees to upward thrust. regardless of courtroom orders, he has refused to allow new drilling in the Gulf of Mexico. regardless of his very own government's approval, he has refused to allow construction of the Keystone pipe line. it could take 10 years to construct a clean oil refinery at a clean region. it would purely take 30 months to place in the pipe line. Drilling in already authorized areas can initiate the next day if the government gets out of how. Obama is often quoted with this outrageous fact: "below my administration potential fees will inevitably skyrocket." Obama can not administration and can't end drilling on inner maximum land for organic gasoline. using fact we've such an abundance of this organic source, the wellhead fee has dropped in the previous 4 years, from $9.00 perMMbut to $2.50 consistent with MMbtu. At that low point, agencies are lowering on production using fact they can't make money. The unfastened employer gadget works.

Answer 3

War is expensive!
there are alternative technologies, but no will to use them.

Answer 4

I think its plain GREED!

Answer 5

greed.