Why is gas so f*cking expensive!!!?

Question

Seriously I paid $4.10 today! It cost me $45 dollars to fill up my car that has a 10 gallon tank, thats insane!

I remember just a few years ago everyone was worried because it got up to $2.00!

So I'm just wondering why the value of gas has gone up so much, in like, I don't know, two years!

Answer 1

Gas isn't expensive; the value of the dollar is literally about 2¢. If you bought $100 in gold back in 1913 when the dollar was introduced and was backed by gold, that same amount of gold would be worth $5,000 now, maybe more. From 2001 to 2007, the value of the dollar had dropped about 50%.

Gas prices isn't the reason our economy is failing; the purchasing power of our bank notes (aka dollars) is.

First off, the Federal Reserve was a bad idea, but thanks to Nixon, our money isn't backed by gold. Ever since then, the value of the US dollar has plummeted.

http://www.biocrawler.com/w/images/d/d7/...

Quick Trivia:

*Abraham Lincoln was killed via bankers. He needed money to purchase supplies for the war, but the bankers wanted to charge interest on him (which creates non-existent money). He refused to do so, resulting in him printing his own form of currency, which he put into circulation during the war. After the war ended, he collected the new currency back up, and shortly thereafter, he was assassinated.

*(Interesting thought): JFK wanted to pass legislature to take away the power of the Federal Reserve and go back to using silver certificates (which would have been one of our best economical moves of 20th century). Shortly thereafter, he was assassinated.

Answer 2

because of the war. Simple

Answer 3

Be glad it didn't cost you almost $100 to fill your take, for some people it does! Gas is crazy expensive, makes me want to stay home and not go anywhere!! I remember when gas was under a buck at am/pm, now they're expensive too.

Answer 4

We need a new President with a vision for our USA. This current President has a vision for the few. If you think the President can't do anything about the current gas situation, your kidding yourself. He refuses because the people who elected him are benefiting off of the majority of the nation's suffering.

   I can't wait to buy a Toyota Prius

Answer 5

Ask George Bush!

Answer 6

Read Alan Greenspan's biography. He has his own 2 cents on the topic : gas is getting rarer (read credible sources e.g.: The Economsit - easy and accessible gas is preyed by the Americas, Europe and Asia).

Gas companies are making huge profit because they have too few options. One would be to produce more refineries, but they won't. Why? Cause they all did the same math: there is just not enough proven oil field who will make it worth the multi-million/billion spent over 5 years to create a new refinery. If they do, they will simply drown the economy with cheap gas and no one will have any incentives to develop alternatives.

And no, no and no, it's not THAT simple (e.g. Bush is stupid, gas companies are crooks, international conspiracy, etc..) Just like life, it's more complicated than it looks like!

Answer 7

Bush has nothing to do with the price of oil.

Oil companies have nothing to do with the price of oil.

Oil is bought and sold on the WORLD market based on supply vs demand. It's not so much that the supply is down from years past. It's that the demand is so high around the world. With developing countries like China (China's demand for oil in 2003 went up 30%) and India. The demand is UP! It goes up year after year. It never goes down.

We have to find a way to do without oil!

Answer 8

Cause Bush is greedy.

Answer 9

oh stop complaining, be glad that you dont live in Europe and have to pay over 10$ a gallon for gas.

and on another note, its not just cause the war that oil prices are going up, you  people seem to think that theres an unlimited supply of this magical oil that just keeps coming and coming. well thats not true, global oil production has already peaked and will no longer go anywhere but down. its simple economics, when as our demand for more oil goes up yet the supply goes down of course the prices will raise. and it will only keep getting higher and higher until eventually it all runs out. the worlds population is around 9.5 billion people right now and is rapidly increasing every year. also as these developing countrys like India and China are going through a stage kind of like the US's Industrial Revolution and they are using massive amounts of fossil fuels to power this revolution.

Answer 10

I'm with you.  It makes no sense.  Oil is no rarer now than it was before.  Gas companies are making record profits.  They are just abusing Bush's oil war as a reason to rip everyone off.  I read that there was supposed to be some legal recourse for this,  but it's been a while and it's gone nowhere.