2007-05-05 03:39:43 · 4 answers · asked by taylor h 1 in News & Events ➔ Current Events
It's called Supply & Demand. There is only so much oil that can be pumped and turned into gasoline on a daily basis. The demand for oil in China and India has been climbing rapidly for a few years. The only way in the short term to bring prices back down is to reduce our consumption. Alternative energy sources will take years to develop to the point where they will make an impact on supply.
Expect even higher prices over the next few months, as Americans begin our usual summer travel.
2007-05-05 07:32:23 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋
Thats not too bad, its $3.32 at Costco near my home, and $3.45 at some other places, for regular unleaded.
2007-05-05 11:07:53 · answer #2 · answered by dave b 6 · 0⤊ 0⤋
Because Bush is stealing it from Iraq and pumping into underground tanks at the Bush ranch..............just kidding!
2007-05-05 11:25:15 · answer #3 · answered by Homeless in Phoenix 6 · 1⤊ 0⤋
premium in San Fransisco $4.00
2007-05-05 10:46:42 · answer #4 · answered by allawishes 4 · 0⤊ 0⤋