I remember when I first got my license and Bill Clinton was president gas prices were much more stable. Nowadays I blink my eyes and gas jumps 10%.
2007-05-23 09:31:52 · 10 answers · asked by Anonymous in Politics & Government ➔ Politics
Gasoline contracts are traded on the open market. This is the bulk cost the distributors pay for Gasoline. This determines the price. If you want to be mad at someone, find a RBOB trader and kick his butt. Look at this website for further info.
2007-05-23 12:02:24 · answer #1 · answered by Clown 3 · 1⤊ 0⤋
Like everything, it's a matter of supply and demand. The higher the demand, with a fixed supply, the higher the price. Just very basic economics.
2007-05-23 16:37:50 · answer #2 · answered by Billy 4 · 2⤊ 1⤋
simple supply and demand and inflation
would you believe the price of gold was cheaper in 1849 than in 2007?
why the the price of spices from the far east drop from when it was first imported to the west?
2007-05-23 16:36:02 · answer #3 · answered by Anonymous · 2⤊ 0⤋
They're trying to control the political sphere using their money again and pitting the poor and middle class against the rich. Want to get rid of terrorists? Throw big oil exec.'s to them.
2007-05-23 16:34:53 · answer #4 · answered by Information man 3 · 1⤊ 1⤋
it's a combination of free market and acclimation.
in a simpler term.. when the price goes up, make them think they are getting a good deal.
2007-05-23 16:42:12 · answer #5 · answered by pip 7 · 1⤊ 0⤋
It's called "Whatever the market will bear." Neither the industry or their wholly-owned congress critters give a rip how much it bugs you and me; their modus operandi is "G R E E D"...and you and I are invited to pay up or walk. Revolution, anyone???
2007-05-23 16:36:16 · answer #6 · answered by Anonymous · 2⤊ 1⤋
Down?
2007-05-23 16:52:44 · answer #7 · answered by Anonymous · 0⤊ 1⤋
the markets extra skidish with wars and trouble in the region.
2007-05-23 16:37:41 · answer #8 · answered by Anonymous · 2⤊ 0⤋
It's called supply and demand.
2007-05-23 16:34:04 · answer #9 · answered by Brian 7 · 3⤊ 1⤋
depends on what their getting it for
2007-05-23 16:34:15 · answer #10 · answered by da dude 4 · 0⤊ 1⤋