why do gas prices get so high?

Question

every year,the gas prices get high like $3.65 cents.why?is it because of hurricane katrina,or is it because that te gas on earth is running out????

Answer 1

Because we're ALL using too much gas. -Period. And get used to it, because it's GOING to get worse.

Answer 2

The price of crude oil rose steadily over the last few years for several reasons, the most important of which is the global demand for oil.

In particular, the economies of countries like China and India, which have large populations, have been expanding rapidly over the last few years, and their need for energy has been growing correspondingly.

The cost of refining crude oil in the United States also has risen over the past year, and experts cite two major reasons -- the devastation wreaked on oil refineries along the Gulf Coast by Hurricanes Rita and Katrina in 2005, and the congressionally mandated shift toward producing more environmentally sound blends of gasoline.

"The hurricanes last year had a pretty devastating effect on America's oil production," "I think 15 to 20 percent of that oil production is still offline today."

Answer 3

Supply and demand

Since the enviormentaltist wackos imposed so many standards on refineries, it is too expensive to build new ones up to code, thus no new ones are bnuilt. Nevertheless the demand increases. More deamnd, same supply ---- supply does not equal demand --- price goes up

Answer 4

in all risk lol , it in basic terms relies upon which reason they supply us this time for it.earlier it grow to be because of the fact the fee of oil going up.Now their saying fee of oil, is in basic terms a small effect.Then it grow to be the hurricanes which i will understand.Then it grow to be for changing the blends from iciness to summer season and the opposite for later in the twelve months.And on an internet site i grow to be reading in addition they reported that, opec grow to be purposly reducing production by using like a million million barrels an afternoon.which might thenchronic up call for.(so they are paying fewer human beings to artwork, yet getting tripple the earnings back it not greater.)that doesn't, make all people prefer to strengthen call for.in addition they use the scarce tactic, the place they think of they're going to have a scarcity so they jack up expenditures greater anyhow.and each and each twelve months they save rasing it,and rasing it So from is seams like no person incredibly is conscious, you will hear approximately one factor then each and every week later, the fee drives up and theres no explination.the united stateshas a oil reserve with tens of millions and if not greater full of oil.and that they are contantly finding new places with lots of oil,in basic terms seams like opec in basic terms desires to make money. the government might desire to some how, positioned a cap on the % they are able to make (opec,marathon,bp ect) as earnings,because of the fact its exceptionally lots a monopoly.I dont see why giving them greater money because of the fact its quite low, facilitates with this so reported as :scarcity".some think of it has to do something with pres. Bush, yet im uncertain might desire to be a threat, yet im unlikely there.yet i will say venezeula has oil yet because of the fact their president(Chavez) hates Bush,so they decline to do any company.stable luck on sorting out the genuine answer, i think of it may pi** alot of folk off, if we ever incredibly found out.base line, someones getting wealthy on the expence of others,on a neccesity and a variety of of alternative that can't have sufficient money it.Like i reported, OPEC and the greater advantageous gas station agencies are a monopoly in theirselfs.because of the fact we don't have the different source and that they have us by using the balls, regardless of they say, is going.

Answer 5

Manipulation of supply by the oil cartels and speculators working in tandem. .

Answer 6

Because the OPEC people can charge whatever they like, and the prices go up when they don't like someone.

Answer 7

by gas do u mean fuel for cars?
If so it is because the government puts on such ridiculous amounts of taxes... and that is going to run out .

Answer 8

Why do large avocados cost $3.29 each?

Answer 9

Because we're stupid enough to pay it

Answer 10

it is because you suckers keep on paying whatever they ask.