2007-07-19 07:36:28 · 8 answers · asked by RACHAL D 1 in Cars & Transportation ➔ Other - Cars & Transportation
because of bush
2007-07-19 07:41:56 · answer #1 · answered by Anonymous · 0⤊ 4⤋
Because oil companies are jacking up the price. They see that countries are willing to go to war over oil and say, "why not?". This and the fact that we have to pay whatever price they put on it seeing as we are not willing to give up driving our cars and trucks because it inconveniences us to have to walk or ride a bus, bike or rail.
If everyone with a car would stop driving for one week all at the same time, the price would fall drastically because of overstock. And it would probably stay lower than it is because the oil companies would see we aren't as spoiled as they think.
2007-07-19 16:18:00 · answer #2 · answered by fastidle101 2 · 0⤊ 0⤋
Hmm, I bet it's because of so many oil pumps being shut down here in the US. On any given day I can drive to town from where I live and count 20 oil pumps that are sitting there shut off. Talking to some of the people who still own the oil rights to their land reveals they are being paid to not pump the oil out of the ground. Instead we import most of it.
2007-07-23 08:52:13 · answer #3 · answered by Charles C 5 · 0⤊ 0⤋
Two reasons:
1) Oil is at $75.81/bbl.
2) State and Federal fuel taxes are insane (Adding anywhere between $.20 and $.80/gal.
It's not the war, because if I recall, I paid $1.60/gal back in February, and if I'm not mistaking, the US was in the Middle East.
The oil companies aren't making as much of a profit as it sounds. They are recording record profits because of the highest amount of oil consumed by the US, but also because of inflation of the dollar has increased.
A good portion has to do with Chavez in Venezuela. More oil comes from Venezuela than all of the Middle Eastern countries combined.
2007-07-19 14:43:03 · answer #4 · answered by Zach 5 · 0⤊ 2⤋
This has been asked 1,000,000,000,000 times already on Answers. Its simply supply and demand. More and more people want to drive sports cars, SUV's, big trucks and use Big Rigs to haul freight instead of using the railroads, and the suppliers (refineries) cannot make enough product fast enough because the liberal Democrats will not allow the oil companies to expand or build new refineries. So the price goes up to try to stem the demand, and the oil companies get rich through no fault of their own.
2007-07-19 14:46:18 · answer #5 · answered by Sane 6 · 0⤊ 2⤋
Because you look how much it cost. I usually don't look at the price I just put the amount of money I have and I split
2007-07-19 15:20:52 · answer #6 · answered by vaquero2ride 2 · 0⤊ 1⤋
Because oil is over $70 a barrel
2007-07-19 14:43:43 · answer #7 · answered by jon_mac_usa_007 7 · 0⤊ 2⤋
This is a question for Bush/Cheney, don't you think?
2007-07-19 14:43:47 · answer #8 · answered by suzycreamcake 2 · 0⤊ 2⤋