$3.00 for gas??? Is it cause of holiday season or are they just up?

Question

$3.00 for gas??? Is it cause of holiday season or are they just up?

Answer 1

I guess you do not read the newspaper or listen to the news.

Answer 2

This is why:

Oil recouped early price losses today to resume its march towards the $100/barrel milestone “as resurfacing worries of tight winter supplies and continuing USD weakness put the brakes on some early profit-taking. Oil prices have surged nearly 40% in under 3 months as a weaker USD, robust global petroleum demand and slimmer oil supplies attracted huge speculative investment, but trade has become increasingly volatile as it approaches $100/barrel. More and more investor money has flowed into commodities as the USD has continued to weaken.”

Answer 3

Where do you buy your gas I haven't seen it that cheap for a few weeks.  The news says its going to go close to $5.00 a gallon, its mostly because of the high price of a barrel of oil, and of course holiday travel has something to do with it that's a given.

Answer 4

Dollars just don't buy what they used to coupled with the high oil prices , and a surge in global demand for oil thanks to China and India ... And attacks on pipelines , cold weather S.U.V.'s Blah Blah Blah .... Expect it to stay this high and only go higher .... Get a bike for x-mas Ho Ho Ho !!!

Answer 5

Greed

Answer 6

you should check out what the price is in England. I just paid 9 dollars for a gallon of diesel. (that is £1 per litre and there are 4.55 litres to a gallon) The exchange rate for 1 uk pound is 2 us dollars. You are getting your gas cheap!!

Answer 7

Quick answer: Both.

Oil is at $100/per barrel, and Thanksgiving travel is starting up.

But $3.00 for gas? Where can I get some? I haven't paid that low in a few months.