It took gasoline 90+ years to get to $1.75 so how could it double in 7 years?

Question

Inventories are up on oil and gas and the refineries have cut back production.Natural gas has tripled in the last 7 years.

Answer 1

greed , corruption , perversion of government + lust of power . it will be wonderful after it's over due to the impending collapse . we'll just have to start over . good luck

Answer 2

We are depleting this resource. Every drop of oil left in the ground is more valuable than the one just pumped.

Lets say you have 1000 bottles of ice cold water and you're selling that water at a baseball game for $1.00 a bottle. As the temperature heats up and your supply dwindles, are your last 100 bottles more valuable than your first 100 ?

Answer 3

It's almost entirely forced inflation, by both the oil companies and the countries the oil is produced in.  It's a shame that so many paeople are so greedy.  With such a dependence on gasoline, the fact that something so necessary has become so unaffordable is almost tragic.

Answer 4

Part of it is supply and demand...and part of it is that people are throwing money into oil futures right now because there is no where else in the economy to put their money.

Answer 5

George W. Bush being President.  When will someone stand up to OPEC and Big Oil?