when the media says gas is likely to go up to $4.00 a gallon,this just is another way of give the gas companiy

Question

a signal just to raise the price?

Answer 1

You are moaning at $4 a gallon! Here in the UK we have to pay $2 a litre most of that goes in tax

Answer 2

The media investigate the particular area of human activity that is involved with that particular issue... they ask questions, request opinions from the various independent sources that are "in the know" but are not themselves part of the inner circle of actual influence. In short they go to the network of sources for the kind of information relative to the subject, and then they report what they have heard, to the public.

You can rest assured that the newsreporters who gather the information, have absolutely NO personal desire to prompt gas companies to raise prices lol. They are merely tapping the sources of information about what those gas companies may be preparing to do, and they report it to the public, because that is what they do for a living. They are news gatherers and they go out there to look for, and l gather news so they can tells US what we would otherwise never find out ourselves - till it happens of course. As a matter of fact it very often happens the other way round. They report to the public on something that raises a public outcry, which in turn results in those who were planning to do something, backing down and not doing it. In this case, given the whole complexity of the situation, the Oil Companies are not the sole players in this game of "musical oil prices", so it is possible that reports of $4 a gallon oil next summer might not be an exaggeration.

The worry I have, and I am sure a lot of people are thinking the same, is the effect it's going to have on just about every area of our daily lives. Awful lot of people making minimum wage have to drive some distance to work and back. Price of food and other commodities will rise significantly. Whether it is justified or not, it will happen because it will be seen as an opportunity to bump up the price on things. The economy will suffer a general downturn. In short, we'll all be feeling a cold draught from it.

Answer 3

It is just the press, it reports the news.
We can either panic or remain cool.
The oil companies seem to be selling themselves, then using the price per barrel as a justification to raise gasoline prices.
If we just stop making unnecessary trips, and cut back on our use of resources, they will take notice.
So before you drive, ask your self "Is this trip really needed" if you can avoid using any energy (including electricity) it will help avoid higher energy costs. We see it most at the pump, but stand by for rate increases in electricity and natural guess also.

Answer 4

No, they look at the wholesale price increase and figure it out for retail. The gas companies don't need a signal -- they already know before the media does.

Answer 5

The gas prices will drop the closer the election gets.

Answer 6

Agree. Funny though how there always seems to be a gas shortage right before the winter holiday season and the start of summer.

Answer 7

No, it's called "reporting". That is when you look at the signs, and try to predict what is going to happen. It doesn't drive gas prices. You're mixing cause and effect, and basically saying "The flag is flapping, which makes the wind blow."

Answer 8

The media always says stuff

Just wait and see that's all we can do.

Answer 9

Thank god for electric cars