and demand is below average. Just saw on the news that the department of energy says expect gasoline to rise fifteen or twenty cents in the next week or so. The question....
If supply and demand is not the driving force behind the rise of gasoline, what is?
2007-11-12 22:15:03 · 10 answers · asked by Anonymous in Politics & Government ➔ Politics
Bush is hell bent on squeezing every last penny he can for himself and his oil buddies before he leaves office. This is why it's never too late to impeach!
2007-11-12 22:32:32 · answer #1 · answered by Anonymous · 5⤊ 0⤋
They charge what the market bears, meaning they charge what consumers are willing to pay (without it having political repercussions). That's covered in the lesson right after supply and demand lol.
The first time I saw this happening was in the 90s right before desert storm. First there was a media blitz about oil being potentially in short supply, but the distributors raised the prices accidentally a few days before the war, when there was actually no change in price, so the cat was out of the bag. They couldn't blame it on the middle east anymore and it became obvious that it had nothing to do with the war or a shortage. It was simply a matter of manipulation and exploitation of the public for profit. Welcome to the real world.
2007-11-12 22:30:14 · answer #2 · answered by scubalady01 5 · 3⤊ 0⤋
Because we are deliberately placing ourselves at the mercy of foreign oil tycoons who KNOW that Americans will let them exploit us. The reason- The infectious disease which is the environmental movement. The U.S. is the only country in the world which possess the means - that is fossil fuel resources by which we can be almost completely self-sufficient AND we don't tap them. Environmentalists crusade to be sure that we spend 4 times as much money buying, shipping, and placing into reserve oil from outside sources. There is a solution to the oil dilemma. Tap the Gulf of Mexico and tap Anwar Alaska. Anwar Alaska covers 19 million acres of which, a drilling company would only need less than 10 thousand. Still, environmentalists believe that whatever little footprint we make will destroy the ecology - not true. And the Gulf of Mexico? They are scared to death that someone might put an oil rig 50 miles out from shore - where no one can see. Why??? Because "it degrades the integrity of the natural habitat for wildlife." The truth is, these people don't care about 9 or 10 thousand acres in Alaska where no one goes (except to hold an environmental rally). They don't care about the 300 acres of ocean floor it would take to build five major oil rigs. All these people care about is controlling your life. Look at Al Gore and his house(s) and private jet - while he wins the nobel peace prize for telling people to carpool to work to save energy. These people HATE the fact that the average person has the freedom to gas up their car and go anywhere, so they make it unaffordable by restricting our resources in the name of the environment so that we all have to face a hardship that is needlessly forced on us by hipocrytes spewing out FALSE porpoganda (ie. global warming.)
2016-05-22 22:37:15 · answer #3 · answered by leah 3 · 0⤊ 0⤋
Greed and the falling dollar. World Oil prices would be about half of what they are currently if the dollar still had the value it did in Y2k. And, since Oil Company Executives have learned that people will pay $3.50 or more per gallon, and there's no real competition--that's where the price is going to stay, with minor fluctuations.
Breaking up the Oil Companies to restore competition and limit their political influence needs to be high on the next President's agenda.
2007-11-12 22:40:58 · answer #4 · answered by Anonymous · 3⤊ 1⤋
Above and below average are meaningless terms. Prices are up because demand is way up. Speculators who trade in the futures market bid the price up, and you end up paying. It is basic economics.
2007-11-12 22:24:02 · answer #5 · answered by regerugged 7 · 1⤊ 2⤋
$$$$
Why would you think otherwise.
There is not enough money to be made without a volatile market that they can step in and out of.
To make it volatile you have to create good news and bad news
2007-11-12 22:24:18 · answer #6 · answered by Anonymous · 3⤊ 0⤋
The falling dollar and speculation.
2007-11-12 23:02:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Because they know we are addicted to our cars and will pay whatever it takes to stay in them.
2007-11-13 01:50:50 · answer #8 · answered by Yinzer from Sixburgh 7 · 1⤊ 0⤋
Dont believe all that you hear on the news, its all doctored.
2007-11-12 22:32:41 · answer #9 · answered by live and let live 4 · 1⤊ 1⤋
greed .
looking after fat cats and shareholders
2007-11-12 22:20:29 · answer #10 · answered by HaSiCiT Bust A Tie A1 TieBusters 7 · 1⤊ 0⤋