I myself think it's because the economy is so strong,,THEY know you gotta have it.WHEN a RECESSION comes (AND IT'S COMING) WATCH THOSE GAS PRICES DROP
2007-07-12 11:32:03 · 11 answers · asked by themojoman_dj 1 in News & Events ➔ Current Events
Oil companies are greedy.
2007-07-12 11:35:29 · answer #1 · answered by jedi46300 3 · 1⤊ 0⤋
Gasoline prices are NOT high in the US. They are higher than they were in the past but since the oil companies are subsidized to the tune of $1 billion per year in form of tax credits and deductions. Americans pay the lowest gasoline prices of any oil importing country in the world. The price Japanese and Europeans pay for their gasoline is closer to the true market value than what we pay in the US.
2007-07-16 13:40:41 · answer #2 · answered by vahid 4 · 0⤊ 0⤋
It's high because no one could cap prices. and it's obvious they are in a world of their own. And speaking from one world to another is very difficult when it's a closed one. Like chipping away at a mountain with a cotton swab.
2007-07-12 19:04:05 · answer #3 · answered by Anonymous · 1⤊ 0⤋
It is called price gouging. When the windfall profits tax was eliminated, the oil companies went wild with their greed! I imagine that the reason it is worse now, is because the oil companies know that the windfall profits tax could be reinstated any time, and they want to gouge us as much as they can between now and then. *sm*
2007-07-12 18:42:56 · answer #4 · answered by LadyZania 7 · 2⤊ 0⤋
Because the public refuses to be conservative...just maybe...just maybe when gas is $20 a gallon and summer tempuratures are 130 and more, will the public begin to do something about it..
2007-07-12 18:39:25 · answer #5 · answered by xyz 6 · 0⤊ 0⤋
Limited refinery capacity. The fire in a refinery in NJ only make it worse. Where I live, unleaded in 50¢ more than diesel.
2007-07-13 02:16:21 · answer #6 · answered by chacham_warrior 2 · 0⤊ 0⤋
Only helium and hydrogen are high, most other gasses don't rise.
Take a class in economics. It will all be explained in the first week of class.
2007-07-12 19:44:32 · answer #7 · answered by Homeless in Phoenix 6 · 0⤊ 0⤋
It is called price gouging but i think it is so because oil reserves world wide are bottoming out.
2007-07-12 20:11:23 · answer #8 · answered by koolhand_kent 3 · 1⤊ 0⤋
I agree with Jed, it's all about the profits, the rich getting richer and everyone else paying out the a** just to get to and from work...
2007-07-12 18:40:07 · answer #9 · answered by MC 4 · 1⤊ 0⤋
gas is not renewable. before long we will have no Gas. and they are trying to create new fuel for cars.
2007-07-12 19:05:43 · answer #10 · answered by My point exactly 5 · 0⤊ 0⤋