why are the gas prices so hi and why wont the government step in?

Question

it juts price gouging and evey one know it is at @2.56 a gallon the bull

Answer 1

In 2000 President Bush was standing on the edge of the alberta tar sands with the canadian prime minister talking about 'our tar sands' When advise the price of oil was too low to extract the oil from the tar sands, a volume more that in Saudi, Mr Bush just nodded his head.
Since that time, the price of oil has increased steadily, increased not by oil companies, but by oil traders in New York and London. Traders who get big bonuses when they sell commodities, like oil at inflated prices. These traders always justify increased prices because of 'fear or this' and 'fear of that' interupting supply, non of these fears turn into actual problems for supply. Except after Katrina, when distribution to New Orleans and surrounding affected areas, made short term retail shortages, there has been no supply problems. I never have to wait for more that one car to full my car. As a direct result of these inflated and unjustified price hikes, the Alberta Tar sands are now being mined, and the US now imports more oil from canada than Saudi.

In short the government have stepped in.

Answer 2

The big picture is throughout the U S there are millions of cars being driven almost nonstop all over. The law of supply and demand has a lot to do with the price. If everyone stopped some of their joy riding in these gas guzzling SUVs the price of gas might come down.

Answer 3

The US government should like do they did from 1942 to 1945 with OPA. We all survived and were able to adjust to the prices. As soon as the price adjustment was taken off, the cost of living has kept going up. Today, Sunday April 8th, gas was $2.00 in Barnwell, SC and $4 in San Francisco, CA. Now if we could train our selves to hold back on the purchase of gas, then the big gas companies would adjust to a lower price.

Answer 4

Why should the government step in? Gas prices, while high to us, are not gouging the consumer. While one cannot deny the energy industry is somewhat corrupt, the fact remains that it's about supply and demand.

Do you want to reduce your gas costs? Get a more fuel-efficient car. Or drive in a more civil manner, without AC and accelerating casually. But to be mad about gas prices is a facade for the fact that we really have no long-term energy policy - why? THAT's what you should be mad about!

Answer 5

Here in Saudi Arabia it's 23 cents a gallon for the 91 and 95 is 26 cents a gallon.

Answer 6

Gas prices so high where? Here in the USA we're not used to paying upwards of $3.00 a gallon. However, be glad you don't live anywhere else. In Europe they have to pay upwards of $6.00 a gallon and even more elsewhere. Why? Taxation without representation. US citizens wouldn't stand for it, those elsewhere mostly have no choice. So be happy you only have to pay $2.56 a gallon.

Answer 7

it is because Petroleum is getting over. One of the countries with very big petroleum reserves is Venezuela. A gallon is worth 30 Cents. In Colombia, the gallon is 3 dollars. In Kuwait the gallon is priced in 1.70 dollars

Answer 8

Did you know that the federal government attaches 48 cents per gallon for taxes? Why don't they just resend their tax vs making the gas companies lower their prices?

Answer 9

You guys are a bunch of whiners! It is over $3.00 in CA. ! It is a simple matter of supply and demand. The ONLY thing the government has to do with pricing is fuel tax. The rest is dictated by the free market economy in the U.S. High demand and questionable supply = + $$. Low demand = -$$. Easy. Want to do something about it? Or just complain? Switch to alternate fuels and transportation and the demand will drop = - $$.

Answer 10

They were higher than this last year don't you remember? I just filled up the Altima @ 2.61/g 30 bucks for a fillup from 1/4, I'd hate to own a SUV right about now.

If this continues to get worse I might get a hybrid for my next car.