why has gas gone so high now?

Question

It is over $3.00 a gallon for the middle grade

Answer 1

It's mainly because the oil moguls have given themselves huge pay raises. Therefore, to compensate, they have to screw over the consumer! Also cuz Bush gets hook ups from oil. So it only makes sense that he would advocate high prices.

Answer 2

Oil and Gas pricing IS NOT SET by GW Bush or any other individual political figure!!! Sure he doesn't have a good track record, but lets try to use some facts instead of the usual whine-assing of Bush this and Bush that.... its getting old!!

Here goes: Commodity traders in our Nation's financial centers, NY, LA, Chicago, etc study projected use, the amount of production, how much is in reserve and make their calculations from those figures. As we had enjoyed a relatively mild winter throughout most of the nation, demand for heating oil was lower. Travel is fairly common at this point in the year with Spring Break and nicer weather approaching.

The continued unsettled situation with Iraq, Iran and the Middle East is a MAJOR Factor in fuel pricing. As much as I hate to even suggest or admit this, I think we'd all be crying louder if there was not any military presence there... maybe more like $5/gallon kind of crying. Lets also not forget that Europe has been paying the equivalent of roughly $8 US/liter (under a gallon!!!) for quite some time now... like 4 or 5 years.

So I have not provided a complete answer as to why gas has taken a sharp spike upwards in price, those are a few contributing factors.

Answer 3

1.There is a limited supply of gas in the world, and we are pushing the limits.

2. War and sanctions in the Middle East makes it even harder to get gas into the international system.

3. The dollar is falling, and anything imported (gas, for example) is going to cost more.

I saw on the news last night that corn prices are through the roof because of the demand to make ethanol -- so not only will ethanol be more costly, but so will corn products, and anything that eats corn (beef, pork, chicken). You might want to stay home and grow a garden in your back yard until they figure out an alternative energy source.

Answer 4

The gas companies need the increase because they have not made enough BILLIONS yet. They know human nature. That we will keep using no matter what the cost. Addictions are an addiction whether it's gas, cigarettes or heroin.

Answer 5

Well if you were the oil companies,and watched the general stupid public speed $50000 for a stupid SUV or pickup that lucky if it gets 14 mpg .Would you not get the idea they have money to burn. So of course there going to raise the price of gas.I hope it's a good thing,maybe we can finally get those ugly trucks off the road.

Answer 6

GREED! The question should be where is our GOVERMENT? I have a sick feeling that 4-5 dollars will be ok by this summer!?

Answer 7

Everytime there are more rumblings in India the price goes up.

Answer 8

The American dollar has lost value. The prices of ALL things you buy will soon be (seemingly) rising.

GOOD NEWS: You ain't seen nothing yet. 2008 will be a bloodbath, inflation-wise.

Answer 9

you think $3 is bad? you haven't seen anything yet. soon you will wish for that $3 to return.

Answer 10

average $3.29 reg - San Diego