Historically gas prices should be low this time of year. The oil companies are charging last summer prices and for what? They've made BILLIONS is profits and now they want even more. They definitely have Bush in their rich pockets !!!
2007-04-03 20:12:01 · 14 answers · asked by razorcut44 2 in Cars & Transportation ➔ Other - Cars & Transportation
Something is wrong with USA! USA has plenty of oil in our land, but we are depending on the foreign's oil! USA fails us while we are suffering to pay a high gas price, out of our hard working pocket! President Bush is doing a dirty job to rob us for paying the wars in Iraq and Afghan! I cannot belive how sleepy and meek American people are today than my young time in the 1970's. In my time, we people stood up and striked to protest to the President when gas price was high and shortage, etc. What happens to us today? People are doing nothing and let the gas, house, car prices are skyrocketing high! Wake up, Americans! Gas price in New York City is average $3.00 per gallon! Bush is really screwing us up very bad!
2007-04-11 20:00:58 · answer #1 · answered by Arnaldo Negron 4 · 0⤊ 0⤋
seems gas prices go up and down all the time. Back in January my neighbor was complaining how high the gas prices were and yet they were the lowest we'd seen in a long time. And, right now they are somewhat low but art starting to inch higher. It seems that when they do go high they never really return to the low they were previously at. I think it all has to do with countries that have the reserves; they toy with it because they can. That's why we want to make ethynol, however not all cars can use that. And, making it from corn then means we would at some point lack in food. That's why they want us to drive less, and get more economical cars, but that will take a long time to achieve. Not everyone can go right out and buy a new car. We need refineries so we can make the gas or ethynol ourselves. Seems no one is building any new refineries.
2007-04-03 20:23:57 · answer #2 · answered by sophieb 7 · 0⤊ 0⤋
I am not a fan of high prices but I know there is some logic in it.
The largest driving force is the rapid industrialization of China. They have dominated the market with products that require energy to produce. All plastics come from fossil fuels. Look around you how much do you wee that is not some form of plastic.
It takes energy to make steel and create factories for these projects. All requires energy. Fuel is not the only thing with increased prices. I was just quoted $96,000 for a hydraulic ram I bought for $24,000 in 1998.
The Drilling Vessels that search for oil and do subsea completions of the wells are hugely advanced technology and get up to $350,000 per day rental not counting support services. A similar vessel 10 years ago was earning only $60,000 per day.
An IT consultant will earn $1,800 per day plus expenses. Prices of everything is going up. In 1963 I could buy a pack of cigarettes for 25 cents and put 20 cent a gallon fuel in my car. Compare those two today. I bought the latest super version Comet Calente for $2,400 what would a similar car cost today.
Yes expensive fuel is painful but be glad it hasn't increased at the rate other items have and be glad you're living in one of the cheapest places to buy fuel. That's why America is the home of Gas Guzzlers.
And don't forget, fuel is not sold as it comes out of the ground. There's processing, storage and market influences involved.
If you want an eye-opener for the evolution of the Petroleum Industry read "The Seven Sisters".
2007-04-03 20:52:54 · answer #3 · answered by Caretaker 7 · 0⤊ 0⤋
The latest idiotic reason is : Fear of the incident with Iran, and oil flow restrictions in the Persian Gulf.
The market gets reactive, and they set astronomical prices per barrel of oil. The gasoline keeps rising in price.
I think it is definitely gouging. I've seen gas go up 20 cents per gallon in the last two weeks. Nothing is happening in the Persian Gulf, there has been no disruption in oil flow or supplies, and we don't get oil from that region anyhow.
It's a big scam to raise billions in oil revenues.
2007-04-03 20:17:57 · answer #4 · answered by C J 6 · 2⤊ 0⤋
the main important reason is that oil is now traded on the futures industry like a share of inventory. investors purchase up the oil futures turning out to be a guy made scarcity after which carry directly to them long sufficient for the cost to upward push after which sell them for a earnings. The oil agencies haven't any administration over the cost of a barrel of oil on the international industry. If our flesh pressers might enable the oil agencies get better oil from the companion and young little ones ingredients that we've in this u . s . a . the speculators does not be assured a earnings interior the oil futures markets and the cost for a barrel of oil might drop in the present day. Even formerly the oil became recovered the probability of a greater robust grant might reason the cost of the futures to plummet. So few human beings comprehend the way the oil markets artwork this is frightening, and the media does not difficulty to coach the primary public the two. each and all the fake information available is stressful and not in any respect efficient. the main important profiteers in oil are first the speculators, 2d is the government, and thirdly are the pension money that carry nearly all of oil business enterprise shares, in that order. some politicians might choose to take the salary the oil agencies make out of the peoples pension money and improve government spending, and the longer all of us is blind to how the oil commerce works the greater probable that turns into. this might wreck quite some the retirement money that all of us is in accordance with to stay off in previous age making them dependant on government centers justifying the jobs of a few skill hungry politicians. ( you could decide which political occasion helps this process action on your very own , they are the comparable ones who persistently stand interior the way of recuperating available companion and young little ones ingredients of oil )
2016-11-07 04:26:30 · answer #5 · answered by delpiano 4 · 0⤊ 0⤋
Iran is the reason of the hour. Before that, it was the closing
of several refineries for overdue maintenance. It comes down to gouging. Everyone knows it, the oil thieves
(companies) aren't fooling anyone.
2007-04-06 18:54:02 · answer #6 · answered by Aerostar 4 · 0⤊ 0⤋
In va ther is a little sign on each pump that says,
a $.59 state and federal tax is added to the price of every gallon.... That being said couldn't our elected leaders do something to lessen the gas tax?
No wait, who's gonna pay for President Dousche to go play in the sand with his big boy toys?
2007-04-11 14:05:58 · answer #7 · answered by olecrowfan 1 · 1⤊ 0⤋
many oil rigs are going offline temporarily for maintenance and even thought we have plenty of oil not that much oil will be coming in and we are short of refineries! a refinery hasnt been built since that 1970's
so after they get inspected and ran again they should drop and they will still be hugh for a few months because summer is coming up! afterthat they should drop about 10-20 cents
2007-04-04 11:54:50 · answer #8 · answered by The Legend 1 · 0⤊ 0⤋
The reasons are ridiculous.
Notice the price gouging happens right before a holiday (i.e. travel) weekend?
Its blatant price gouging, and gas stations are getting away with it.
2007-04-07 06:05:40 · answer #9 · answered by Terri 7 · 1⤊ 0⤋
Can you spell B.U.S.H
first name george.
Everytime the oil company feels thy can charge what thy want thy do
The Arabs that controll the oil feel if the infadil can afford it then thy will charge what thy want.
So like always the rich get richer and the working man has to pay for the rich mans pleasure
2007-04-03 20:51:57 · answer #10 · answered by goldwing127959 6 · 2⤊ 0⤋