Question about gas prices?

Question

This may be a dumb question to you, but oh well. I was wondering how come gas prices are so high in other countries as well like UK and Canada?? And whats the REAL reason that gas prices are so high?? Can you answer this plz.

Answer 1

Britain literally only has like 1 refinery. Over 50% of their oil/gas is imported.

Our gas shouldn't be as high as it is, but once the oil companies found out that they could make any excuse possible to raise the price, and most Americans would fall for it, they never looked back. The biggest jump was, according to them, because of hurricane Katrina. Katrina wasn't the first hurricane that's ever hit our coastline and they never caused our gas to jump like it did after Katrina.
Bottom line, they got a taste of record high profits and will do what they can to keep or break those records each and every year. The govt. could easily step in and help, but they don't give a sh!t.

Answer 2

Imho, the main reason gas prices are so high, everywhere - and yes some places more than others because of taxation- has hardly anything to do with the price of oil for short to mid term thinking at all.

It all comes down to refining it into fuel, you keep supply down while demand is up and you make extreme profit. The major companies say they can not afford to update/upgrade the old refineries nor the money to build new - because of all the epa and other orgs that watch over them and help pass laws to control them - so they keep making extreme profit.

On the flip side, and more optimistic view (that still hurts the wallet) ...
Gas is pretty cheap compared to other liquids sold by the gallon (IE. gallon of gas $2.40 - gallon of milk 2.20 - ect.) so lets just thank whom ever they do not tax it more .

Answer 3

The main reason prices are different from one place to another is Taxes. The actual cost of the fuel delivered to the pump is seldom more than 2 or 3 cents a gallon difference. But Taxes are a great deal different.

Answer 4

Canada and the UK tax their gas at a higher rate, also there are no subsidies granted to oil companies in either country.

Answer 5

Simple, only one major oil company is owned by a US company, even though many are run by US citizens, therefore they are not subject to monopoly or gouging laws since the prices are supposedly set by a world market. That and the fact that they own every politician due to our country's inability to make an election run feasible for the average citizen.

Answer 6

Gasoline is higher in other parts of the world because of the taxes their governments put on the product.

The taxes on a gallon of gasoline in the United States is higher than the profits of all involved in the production, refining, marketing and distribution of that same gallon.

Sounds pretty much like congress is gouging us on the price of gasoline.

Answer 7

mostly because the gas companys can easily take advantage of our helplessness when it comes to fuel. we depend on other nations to import gas and other fuels.... basically when anything remotely bad happens (such as a bomb exploding in Iraq) the importing companies use that as a cover to raise the prices

Answer 8

The Saudis have been overstating their available oil reserves for years. They have no ability to step up production in the face of increasing demand from China and India. We have no viable alternatives to oil to keep our economy running, so we will be at the mercy of the market.

Answer 9

part of the reason gas prices are so high is because we are having to compete with china more then ever before. they are also taking alot of our steel and lumber. thats why steel is at a alltime high. the oil we get from alaska ce can't use in america because they say it has too high of sulfer content so we have to trade our oil to get oil from the middle east.

Answer 10

in alot of other countries the reason for higher gas prices goes to there health care. The reason gas prices are high in hte us is because of the fat cats wanting higher profit marjins for there selfs.