WHY ARE THE GAS PRICES GOING SO HIGH WHEN THE PRICE OF OIL IS NOT RAISING? wHY ISN'T OUR PRESIDENT DOING SOME

Answer 1

The price of oil is only one part of the equation. Oil is refined into gas. Therefore, our lack of refineries puts more upward pressure on prices than can be offset by lower oil prices.

In short: demand has exceded our ability to provide adequate supply.

You guys really need to get a grip on this "blame Bush for everything under the sun" mentality. It really is silly. He is not a King or a God.

I am no Bush fan, but enough is enough.

Answer 2

The best is when people say we are in Iraq for the oil. If that were the case, wouldn’t oil be cheap? The truth of the matter is that demand is at an all time high. Oil is not at record prices but gasoline is. That is because no new refineries have been built. The oil companies WANT to build new ones but it is nearly impossible to get it approved, thus there only option in very few cases, is to expand existing ones, and even that is difficult. Would you want a refining plant to be built in your neighborhood? Of course not.

The other reason is that our MPG average for vehicles in this country has dropped since 1992. You can thank GM and Ford for that. It is not (unfortunately) an American right to have cheap fuel. It is subject to market conditions like everything else. China is growing like mad and with 1.3 billion people all wanting to live like Americans, their domestic demand for oil has skyrocketed since 2000.

American oil companies produce less than 45% of all oil/gasoline we consume in this country. You dont think they want to produce more in order to increase their profits? Of course they do! There just isnt enough oil in places where they have access to drill. Most of the oil reserves on the planet are under Saudi Arabia, Iraq, Iran, and Venezuela. All places I personally would never want to go. They are all very inefficient producers of gas and are currently not expanding production in order to manipulate prices.

Breaking up the oil companies will have ZERO effect on the price of gas. In fact, it would probably increase the prices in this country due to lack of economies of scale. We need to cut back on gas guzzeling SUVs and promote public transportation in this country to lower our gas intake. For every 1 MPG we improve on average, the price of gas will fall around $.50.

Thats why gas prices are so high.

Answer 3

Gasoline is more expensive for many reasons, but primarily because of the combination of strong demand, reduced supplies from refinery disruptions and lower imports.

Sure, it's easy to blame it on the oil companies or President Bush, and yes... oil companies have to make a profit too, but there is a lot more to it than that. I could go on forever on this topic, but I'll keep it brief.

Since Americans are driving more, the demand is at an all-time high, and Imports to the U.S. in the first quarter fell 12 percent (if I remember correctly) compared with the same period last year.

REFINERIES:
Although there haven't been any new refineries built since the 1970's, the industry has increased production through the expansion of existing refineries, adding the equivalent of a new large refinery every year for the past decade. Adjustments made during maintenance means refineries can now produce more gasoline (and diesel fuel) from the same barrel of oil. Since last year, America's refining capacity has expanded by more than 200,000 barrels per day (42 gallons per barrel). So, despite scheduled refinery maintenance and unplanned refinery outages, current U.S. gasoline and diesel production is at record levels.

Efforts to cut refining and pipeline maintenance costs in order to reduce prices at the pump, also have an affect on safety and structural integrity, further hurting supply (for example: the pipeline corrosion at Prudhoe Bay, AK and the Texas City refinery explosion that killed 15 BP contractors, for example).

Also, every year during the month of May, refineries and terminals convert from winter RVP (Reid Vapor Pressure) gasoline to summer RVP, which is more expensive to produce. Refining capacity is reduced during this conversion. The conversion, however, is now complete, so you should see prices drop in the coming weeks.

Meanwhile, the shortages are real, not manufactured, although they are, in part, a symptom of a business culture that allowed for such shortages to occur.

Answer 4

Simple Supply and Demand, They have the supply and we have the demand. I saw on TV the other night that America Has not built a new Refinary since like 1977, my question is why, we have plenty of oil here, but if the problem is not being able to produce it fast enough, then why not invest in companies here that can, oh I know because that would bring the oil price down and the oil tycons wouldn't make as much money.

Answer 5

George Bush is a puppet for his oil tycoon friends. It's a big club and were not in it. We will pay the price. The president dosen't care he's too busy drinking Jack Daniels and watching his bank account grow. George Bush does not care about us americans going broke over filling up our gas tank!

Answer 6

Our President isn't doing anything because he, his family and all their friends and associates are making more money than ever while the public suffers. There are many excuses for the 'reason' that gasoline prices continue to rise but the largest and most vital one right now is that the supply is being artificially restricted by those who control the petroleum and refinement processes.

Answer 7

Dont know what you are complaining about.
Saw on Fox the other day that average price of gas in your country is $2.35 a gallon.
Here in the UK its about $8 per gallon.

Doesnt seem so bad now does it ?

Answer 8

He is doing something!

He and Cheney are collecting their Bribes they were promised to look the other way while the Oil Companys and Refineries get their Political Pay Back for contributing to Bushs election campaigns!!!!!!!!

Answer 9

Halliburton and Enron are rubbing their grubby little hands together while we pump.

Answer 10

he is to busy counting his oil profits.