Fed up with gas prices?

Question

why do we pay sooo much for a gallon?

Answer 1

A lot of reasons, I won't elaborate b/c I already have on other questions quite a bit..but I'll give you a good summary and a link to a yahoo answer that explains more

1. Speculation has contributed to higher gas prices

2. More demand for oil from China and India

3. Small Oil supply (that's what some say is a cause)

4. Inflation-- our dollar is weakened and interest rates are low.  That is why things cost more.

5. The war in Iraq and tensions with other nations in the Middle East have added to fears and unease and have affected gas prices.

For more info check out the link on the source area.

Good luck!

Answer 2

i dno i guess bcuz we dont wanna take the bus... all i know if i gets to 5 bux a gallon ... im not paying lol.

Answer 3

Yeah it sucks.

Stefani

Answer 4

If you don't like the price of gasoline, then change your lifestyle to adjust to the high prices. You are not born to have cheap energy has a birth right. You've just enjoyed cheap energy while the rest of the world was poor and lived in mud huts.  

Now the rest of the world is developing and they want some of that energy to power their economy. As such, the increase demand is pushing prices up. Cheap energy is no longer a given. If you need energy to power your lifestyle, you'll have to pay. Otherwise, dust off the bicycle and start using your intrinsic god given power source.

Answer 5

We gotta drive so we'll pay whatever it takes, the government knows this so taxes you to raise however much money it needs to balance it's books.

You think you got it bad? come to the UK and pay $11+ for a gallon.

Answer 6

It's a combination of so many things. Fairly high inflation has caused the value of a dollar to drop, so you have to spend more dollars to get the same amount of stuff. High oil prices have caused the refining companies to increase their prices, and of course that means they charge fuel companies more, and thus gas stations have to increase prices to keep making a profit. Rising prices on other goods and services further contribute to the problem. And of course there's the root of the problem, which many believe is oil speculators investing tons of money into oil, which may have been what caused the price to get so high in the first place.

I wouldn't entirely blame the oil companies, though. They don't set their prices, investors do.