2007-03-27 10:10:11 · 8 answers · asked by customcat2000 4 in News & Events ➔ Current Events
Were George and Daddy low on cash?
2007-03-27 10:10:50 · update #1
What ever reason they give is a LIE. They continue to gouge the people, while EXXON made a huge amount of money from recent purchases in the past six months, I believe into the MILLIONS & MILLIONS. School is almost out and vacations are already here in some areas. I guess these fat sleek people are making sure the prices are coming at us slowly, so when they raise it again & again during the heat of vacations, we wont be so surprised. No wonder The Bible says, " It is easier for a thread to go through a needle, than for a rich man to enter the Kingdom of God." They will pay one way ort another!!
2007-03-27 10:43:10 · answer #1 · answered by NJ 6 · 2⤊ 0⤋
Economics and Government classes you must take. The oil companies are using the war, and all sorts of as you said, fake reasons, to jack up prices. If oil prices go up, gas prices go up. Even though oil prices have mellowed out to a lower price then during the beginning of the war greedy gas and oil companies leave it at that price. Once it hits a price, it stays there. When it was 50 cents a gallon they had a "crisis", in the mid 60's-70's, and it went to $1.50, and has stayed there till a few years ago. Then it went up and up and up and up.
2007-03-27 17:22:17 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I believe the Bush constituency (which consists only of their corporate friends, esp. oil companies) knows their time in full power is drawing to a close, so they must reap as much as they can before they actually have to justify their greed and misdeeds. There are a myriad of excuses as to why gas has to be so high, and they can pull them out at will. Be prepared for a LOT higher prices before the end of the year (although they'll probably go down before the elections to keep the Undecideds happier...)
2007-03-27 17:37:42 · answer #3 · answered by Mama Gretch 6 · 0⤊ 0⤋
Oil is a commodity and traded on speculation. My husband and I used to own a gas station . . . so here's how it works. Your supplier purchases the gas from a major oil company and you (the gas station owner) purchase it from the supplier. Suppose your supplier had bought gas at a price of $2.00 per gallon yesterday when oil was trading at $56.00 per barrel. The speculators are concerned about some issue in the middle east and the price of oil goes up to $60.00 based on speculation. The supplier now has to make enough money to purchase gas at $2.10 per barrel so he charges more for the gas bought at a lower price so that he has enough money to purchase gas at the increased price. He doesn't sell his existing $2.00 reserve at $2.00 - he has to sell at a higher price because he has to purchase at a higher price. Gas station owners are generally entitled to .03 cents per every gallon sold. So, even though it may be a while or we might never go to war with Iran, we are still paying the price based on speculation.
2007-03-27 17:48:16 · answer #4 · answered by CHARITY G 7 · 0⤊ 0⤋
Please take a class in elementary economics. The weather is nice so people are driving more. That increases demand. The refineries are having trouble meeting that demand. Why didn't you ask why prices were low recently?
2007-03-27 17:15:05 · answer #5 · answered by James B 2 · 1⤊ 1⤋
That it's a conspiracy of the oil companies.
2007-03-27 21:43:59 · answer #6 · answered by Caninelegion 7 · 0⤊ 0⤋
They are repairing the refineries.
2007-03-27 17:19:02 · answer #7 · answered by ruth4526 7 · 1⤊ 0⤋
Iran, but it is real.
2007-03-27 20:43:46 · answer #8 · answered by Anonymous · 0⤊ 0⤋