What happened for gas prices to be so high? Why?

Question

What happened for gas prices to be so high?

Answer 1

It isn't greed, politics, or the war in Iraq - an ounce of time spent doing research will reveal that those aren't factors but are instead biased public opinions with little to no factual information to support them (and to those that suppose these are the reasons, I challenge you to provide factual information supporting your claims - you will discover you cant!)

There are not enough domestic oil refineries to meet the current demand. And when demand is high, it is not profitable to build an oil refinery - thus we get stuck with the high prices (though there is talk of building more of them)

that's the reason.

ps - The price of gas in London: $5.79/gallon. And that was in 2005.

Answer 2

You should be wondering why the price is so low, gasoline in the US is cheaper than bottled water, coffee at Starbucks costs about $50 per gallon. Oil is a rapidly depleting, non renewable resource with most of the reserves found in very politically unstable countries.

Answer 3

Part of it is that several petroleum refineries in the US were fully or partly off-line in recent months due to mechanical or weather problems. The oil companies have not bulit any new refineries in this country in many years, despite the fact that gas consumption is increasing.

Answer 4

war in Middle East

Answer 5

Greed. The rich politics and their friends want more money from us "lowlife" people who actually work for a living.

Answer 6

Because they can, and nobody stops them.

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