I understand the supply and demand. But when they raise the price are they hopeing that it will cause the demand to go down? Because we rely so heavly on Gas that it dosn't change the demand just makes the oil companys more money. Just a thought.
2007-05-04 09:32:29 · 5 answers · asked by Chris 1 in News & Events ➔ Current Events
Chris this is what it is all about, why do we have this shortage, maybe because we have president that antagonizes every oil producing country! we have created our own shortage and the oil company's are making record profits, we have started a war with a country that never killed an American, never threatened an American, we entered this war with no strategies and no exit points, we were meant to stay in this war for as long as bush was in power, he even said another president is going to have to get us out of this, this war is not about getting their oil it was just about making our supply smaller so now instead of the price of crude oil dictating the price of gas shortages now reflect the price even more. and just so you know the price of oil is lower now than it was a year ago, and we are still paying more!
2007-05-04 10:47:09 · answer #1 · answered by Sir Hard & Thick 3 · 0⤊ 0⤋
As long as people CONTINUE to pay for gas whose price CONTINUES to rise- the big Oil Companies- will continue to "test" the "ceiling" to see how much MORE they can charge us. We could be paying $6. or MORE a gallon by the time Bush leaves Office- if we don't start cutting back on our gas usage. Gas was $1.50 back in 2000- & now it's going up about $1. more every summer. And yet we're using MORE gas- than ever!!! So why on EARTH should the price of gas go DOWN??!
2007-05-04 16:45:21 · answer #2 · answered by Joseph, II 7 · 0⤊ 0⤋
You understand supply and demand, but you still ask this question?!
If the price I buy oil from goes up, then the price I sell my gas at goes up. The price can depend on supply, it can depend on labor costs, it can depend on transportation costs, it can depend on many variables. So, even if gas prices go up, it doesn't mean that oil companies are making a larger profit.
Further, how do you know it doesn't change the demand? Some people will choose not to drive on weekends. Some people will buy more fuel efficient vehicles.
2007-05-04 16:43:05 · answer #3 · answered by Your Best Fiend 6 · 0⤊ 1⤋
OIL- Now a days projected as a mirage.
Agree there is a steady rise of demand over the years, but forecasting that there wont be supply for the future and raising the gas price is like making the cuonsumer in a striaght line and steal the money out of our pocket.
2007-05-04 16:40:28 · answer #4 · answered by Newyork Lover 2 · 0⤊ 2⤋
no, your right, they just make more money.
2007-05-04 18:05:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋