2007-04-28 17:20:18 · 3 answers · asked by i don't know 1 in Business & Finance ➔ Corporations
are they setting the gas price at a much higher rate then needed or is their a ligit reason for the rising gas prices.
2007-04-29 02:36:07 · update #1
Not sure if you think that oil companies and gasoline are competing?
Most oil companies are vertically integrated, ie they own/lease the oil field, pump the oil, tansport it, store it, refine it, transport it some more, then distribute it, ie they own gas stations.
Oil companies are not just in the oil business. So they can have other businesses that are doing well.
Also a number of oil companies have merged, so they are realizing substantial savings, and that reduces competition.
2007-04-28 20:30:03 · answer #1 · answered by Gatsby216 7 · 0⤊ 0⤋
Special Interest Groups . I think that you know the answer . They give money and make people win positions of power so that they will never be denied a massive profit ! They are the most evil vile ruthless syndicate on the planet and they will kill and buy who ever they need to make a profit !
2007-04-29 00:56:13 · answer #2 · answered by the_red_emperor 2 · 0⤊ 2⤋
The government is supporting them that's why and because they want people to buy fuel efficient cars. I read an article on it. They plan on doubling the cost in the near future, some want to triple the cost. It's ridiculous.
2007-04-29 00:28:01 · answer #3 · answered by Anonymous · 0⤊ 2⤋