Why is the price of gas so high?

Answer 1

Supply and Demand rule. Supply is limited, demand is high through out the world. Prices are raised to control that demand. Or at least that's the oil companies' excuse for raising prices. There is enough oil/gas to go around but they are limiting their production to continue on making record profits. No new refineries have been constructed in the U.S. since the 1970's. China will soon surpass the U.S. as the largest energy consumer with their growing economy and with a population well over 1 billion people. Also, if automakers would have manufactured much more fuel efficient cars maybe 10 years ago, we may have been able to avoid this problem. Also, people driving around in those big SUV's are being part of the problem and not part of the solution. Prices will go down when the demand for oil/gas goes down.

Answer 2

The price of gas is so high because too many people use it. There are also cars which really use up a lot of gas in so little time. Also, the amount of gas left in our world has become limited. Unlike before where cars were not that affordable yet so only the rich can use cars.

I hope my answer was helpful.

Answer 3

Gas is much more expensive in Europe than the US, but prices have gone up in the US because oil companies have not reinvested their profits into upgrading and expanding refinery capacity in order to keep prices high in order to get more profits to not reinvest.

Oil is plentiful and despite claims to the contrary, is actually a renewable resource. The problem all boils down to refinery capacity and the greed of oil companies.

So, we have plenty of oil, but not enough gasoline. Given how essential gasoline is to our economy, some amount of government oversight seems to be reasonable, such as rules governing refinery maintenance and expansion.

Answer 4

The US gasprices are not so high - in many other parts of
the world it is more than double yours.

Slow down the demand by getting rid of all gasguzzlers
like V8 engines and even 6cyl engines and you will see a
trend towards stability of gasprices.

Answer 5

Because of all the hybred cars coming out......

Who cares you still gotta drive, and you will still buy gas, even if it means pawning your big screen.

Answer 6

Cause our President is Bush

Answer 7

Dick Cheney!

Answer 8

its not...