Why are gas prices always going up and who is truly over the reason for gas price inflation?

Question

Why the price keep getting higher?

Answer 1

It's about supply and demand. It also has to do with the Middle East.

Answer 2

many reasons

1. it's an incentive to drive less, they've been saying for years you consume too much oil, it's a finite reasource with environmental concerns. You won't stop or cut back because you should so they raise the price to create a physical reason for you to cut back.

2. i'm sure supply and demand plays a role.

3. War, the stock market shows always say uh oh when there is new violence in the mid east and barrel prices go up. as you can tell i'm not very familiar with the market, i just see the look on the guys face.

4. cause they can and you have little choice in the matter. It's always been public knowledge that they drive up prices before labor day and memorial day cause everyones going on vacations so a slight bump in fuel makes them huge profit.

5. Price almost always goes up except when there's technological innovation. Like what happened when assembly lines first came out. The price of sewing pins dropped to nothing, you can now get a pack of 8 for .99c. If you can make fuel for cheap and undercut the other guys you would take the market.

Answer 3

They give all sorts of reasons from "A pipe broke" to "They are worried about the weather". The true reason is greed. When gas is $3/gal. Exxon-Mobil alone profits $90 million each day. The oil companies have you over a barrel and they know that you can't do anything about it. Why would Pres. Bush give Big Oil a $2 billion dollar tax break? Because the American People are at the bottom of his list and the Big Corporations are at the top.

Answer 4

In the US, it has been decades since a new refinery has been built. The price tag runs into ten figures, and getting the permits is a nightmare. The refiners have done a good job of increasing the capacity of their existing plants, but basically they are tapped out. If the price stays high, someone will decide that it is worth a billion dollars to build another refinery.

Answer 5

One, its getting closer to Memorial Weekend Holiday and the gas prices always shoot up at that time. Alot of people travel. Also, I found out throughout the winter time that we didn't use all the oil that the oil refineries had stored. So now instead of keeping the oil refinieries going they're using all the saved up oil. The refinieries are charging the price for oil to be distributed.....I can't stand the prices either. Thank God I'm moving closer to work.

Answer 6

To add to Green Beans answer:

Our gasoline production is down. Many refineries are being updated or undergoing regular maintenance. Our ability to refine gasoline from oil is down about 25% from last year, and that plays a significant part.

Answer 7

well dude the goverment take south africa they make the gas there then they export it to zimbabwe right were the people in S.A pays 7.12 rand per litre for it because of all the taxes zim only pays 2.50 rand per galon

Answer 8

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