Does anyone know the actual REASON gas prices are so high?

Question

Im in CA and currently the cheapest gas is around 4.50. But does anyone know the reason for this?

Also I dont know if this is true but people are telling me bush has alot to do with it, and that he just bought the Vallero gas stations..

Answer 1

The real reason can be said in one word...GREED.

Answer 2

Greedy Oil Companys !!!!!!!!!

And a little bit of bush too.

Hey.......I'm in Anchorage, Alaska and cheapest is $4.39 a gal.

In remote areas of Alaska its MUCH MUCH higher !

Just do what other Californians I heard are doing........drive across the Mexico border and get your gas cheaper there !!

Wish we could do that !!

Answer 3

Unless Bush created the laws of supply and deman he has little to do with high gas prices. If you are looking for a culprit it would be the fast pace of development in India and China that are pushing up demand for gas as well as the inability to increase production of crude oil. There is also market speculation going on right now that is further impacting oil prices.

Answer 4

Doesn't anybody watch the news? It's caused by two thing. World economics's and the fact that all the stupid tree huggers will not let the oil companies drip for all the oil that is available.

Answer 5

It's simple economics.  Oil is a limited resource, and we (and others) are using way too much of it.

Answer 6

Greed

Answer 7

The US is totally dependent on foreign oil and it costs like $143/barrel. Bush and all the republicans are out to make money, so they get in good with the CEO's of these big oil companies and as long as their wallets grow, they don't care about how much us little guys pay for gas. I also live in CA.

Answer 8

in short, we are paying high gas prices to fund the war.

Answer 9

The real reason is that China, India, and a bunch of other countries are paying most of the gas bill for their citizens and the citizens pay the rest, which is very little.  And the investors are taking full advantage by trying to squeeze as much as they can out of it.  Unfortunately we have to pay full price so it's hitting us hard.  Eventually those countries won't be able to afford doing that, and prices will collapse again to previous levels.

Answer 10

the answers is the futures market....google it and be disgusted...

Answer 11

George W. Bush

thats the answer.

asnwer my question please

http://answers.yahoo.com/question/index;...

Answer 12

Becuase the price of oil per barrel is so high.  That makes the cost of gas high.  There is some thought that people speculating on Oil Futures have artificially inflated the cost of oil.

Bush doesn't have anything to do with it.  From what I've read on line Vallero gas stations are Franchises.  And that Chavez the president of Venezuela owns the gas being shipped to sell.